Deducting your charitable contribution is tricky because of the changing laws in 2022 and 2023. The law allows taxpayers to deduct their generous contributions without going through...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/21/2023
Military personnel are some of the people who make the largest sacrifice. Such a line of job comes with severe hardships, so Uncle Sam offers some compensation in a bid to cushion...
Posted by Rosovich & Associates, Inc. on 08/30/2021
When it comes to tax treatment, there is a difference between unreimbursed business expenses for partners and S corporation shareholders. Also known as ordinary and necessary expenses,...
Posted by Elliot Kravitz, ATP on 04/17/2019
Pet Moving Expenses: In some cases, moving expenses for your pet may be deductible if you're relocating for work. This includes transportation, lodging, and even pet quarantine...
Posted by True Tax Service on 09/29/2023
When you file your business taxes, you may be gathering information and asking yourself what is deductible and not. Income tax deductions benefit your business because they lower your...
Posted by Flynn Financial Group Inc on 04/26/2021
According to Uncle Sam, miscellaneous expenses are write-offs that cannot be classified into any tax category. Examples are work uniform, clothes, work, equipment, boots, alongside...
Posted by Cypress Tax Solutions on 01/19/2021
Tracking the expenditures can assist you in saving your money at the tax time. But it is necessary that you keep the receipts as well as the documentation to back up the expenditures...
There are different types of duties which are faced by the military men and their families. The expenses and the special tax benefits for armed forces are different too off course....
Posted by Jakusovas & Company on 06/08/2018
Are you a member of the U.S Armed Forces? If so, then this article is for you. The Internet Revenue Services wants you to learn about the several special tax benefits that may apply...
Posted by rinehimerbaker on 06/08/2018
