Tags » Itemized Deduction

What is the Standard Tax Deduction?

When a business brings in revenue, not every penny is taxed. Businesses are allowed to deduct their expenses from their income. It seems only fair considering there are costs to doing business and it would be unreasonable not to consider those when taxing their income. 497 more words

Tax Deductions And Credits

What Can I Deduct On My Taxes?

Ah, it’s tax season again! One of my favorite times of the year! Just kidding- I hate tax season. But it definitely helps to know what I’m doing before I file- and I have an accountant. 471 more words

Money

Should I Itemize Tax Deductions on My Taxes?

When it comes to tax deductions on your tax return, you have two options. The first option is to take the standard tax deduction, which will be based on your tax filing status. 311 more words

Tax Tips

Don't Miss These Commonly Missed Tax Deductions and Credits

No one likes to feel like they’re missing out. Especially when it comes to opportunities to pay fewer taxes. As this year’s tax deadline approaches, let’s take a look at some of the most commonly missed tax deductions. 292 more words

Tax Deductions And Credits

YEAR-END MOVES FOR THOSE WHO BELIEVE PRESIDENT-ELECT TRUMP WILL CUT THEIR TAXES NEXT YEAR

In his first televised interview, President-elect Trump declared that a “major tax bill lowering taxes in this country” would be one of his top three priorities. 1,151 more words

Tax

What Medical Expenses are Tax Deductible?

Even with good insurance and a low deductible, no one truly enjoys paying medical bills. One bright spot to big bills is the opportunity to claim your… 502 more words

Tax Deductions And Credits