About one-quarter of all U.S.families who take care of aging parents spend more than $10,000 per year doing so. In addition, at least 4 out of 10 families who care for elderly parents...
Posted by PB Tax & Accounting Services on 05/10/2017
Caring for an aging or infirm parent can be financially taxing. According to Caring. com, a Bankrate company, more than 40 percent of family caregivers spend at least $5,000 a year...
Posted by Bottom Line Tax Services, LLC on 05/10/2017
As our parent age, we continue to receive so much support from them, just as we received as children. Although the financial support is not something that most elderly parents can...
Posted by ICHIBAN INTL., INC. dba US-Taxman on 05/10/2017
The tax reform proposal coming from the Trump administration includes another two dependent care deductions that will benefit families paying for child care. The first proposed tax...
Posted by Advantage Tax Service on 05/09/2017
According to Topic 602 - Child and Dependent Care Credit - of the American Tax Code on the IRS website, you may qualify to claim child care and dependent care deductions if during...
Posted by PB Tax & Accounting Services on 05/09/2017
What's the best way to take advantage of all possible tax strategies for 2017? Perhaps the smartest way to pay less to Uncle Sam is to take advantage of as many deductions as...
Posted by Bottom Line Tax Services, LLC on 05/09/2017
If you own a your own business, there are small business deductions that can save your company thousands of dollars. Many businesses miss out on tax saving deductions and credits...
Posted by Maureen Thielen, EA, MST on 05/09/2017
For anyone with a dependent, there are many different deductions out there that will give you a tax credit and reduce your tax payable. It is just a matter of finding which ones you...
Small business deductions come in many different forms and while there are some basic expenses that are easy for anyone to figure out and deduct, there are plenty of potential deductions...
Posted by CROMWELL & ASSOCIATES, LLC on 05/09/2017
