Deducting Medicare Premiums on Tax Returns Jun 20, 2023If you’re age 65 and older and have basic Medicare insurance, you may need to pay... read more
What Can You Do to Qualify for QBI deduction? Dec 16, 2022If you own a business, you may wonder if you’re eligible to take the qualified business... read more
Do You Qualify for a Deduction for Student Loan Interest? Dec 22, 2021If you’re paying back college loans for yourself or your children, you may wonder if you... read more
The Deductibility of Corporate Expenses Covered by Officers and Shareholders Jul 27, 2021Do you play a major role in a closely held corporation and sometimes spend money on... read more
What to Know About Charitable Deduction Substantiation Feb 23, 2021If you’re like many Americans, letters from your favorite charities may be appearing in... read more
What Expenses Can Teachers Deduct on Their Tax Returns? Aug 27, 2019As teachers head back for a new school year, they often pay for various expenses for... read more
A Closer Look at the New QBI Deduction Wage Limit Jul 17, 2018The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate... read more
Do You Qualify for “Material Participation”? Jul 19, 2016You can only deduct losses from an S corporation, partnership or LLC if you “materially... read more
What You Need To Know Before Donating Collectibles Aug 18, 2015If you’re a collector, donating from your collection instead of your bank account or... read more
