Author Archives: admin

Business deductions

February 19, 2019

As a professional, you are probably aware of the many deductions you may be entitled to when you file your tax return. Almost anything you buy for the company can be deducted if it is necessary for the company. The cost must also be reasonable. The deductions can really add up for small businesses and […]

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If you want to deduct payment for any type of medical expenditure this year, you must be aware of some new rules that apply to these types of deductions, as they may affect your return. If you are looking for deductions for medical or dental expenses, you should know the following guidelines. Adjusted gross income-Your […]

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Estimated Taxes

February 17, 2019

You may be required to make estimated tax payments in certain circumstances, such as not having taxes withheld from your wages or paying too little each paycheck. Self-employed people generally pay taxes through estimated payments at the same time. If you are confused about the process of making estimated tax payments, these four tips can […]

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Tax breaks for a home sale

February 16, 2019

As the real estate market begins to be positive, it is a good time to review the tax requirements for the sale of a home and any related tax breaks. If you sell your primary residence (the one you lived in full time), the sale may be free of taxes. All profits from the sale […]

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Tax Credits

February 15, 2019

There’s not much that can make you happy about paying taxes. But tax credits can help reduce your tax liability, it is a good idea to be informed about which credits you are eligible for and how you can claim them. You reduce the amount of taxes you owe for the tax year by using […]

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Record Retention

December 24, 2018

Your taxes have been deposited. Your repayment was deposited. You’re planning deductions and expenses for another year. So what should you do with the tax documents for this year? You may need to use the tax documents of your previous year as a reference or as evidence if you are audited. You should save your […]

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Five Tax Credits

December 23, 2018

There are not many things that make you happy about taxes. But tax credits can help to reduce your tax liability, it is a good idea to know what credits you are eligible for and how you can claim them. By using tax credits, you reduce the amount of taxes that you owe for the […]

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Estimated Taxes

December 22, 2018

Under certain circumstances, you may be required to make estimated tax payments, such as not having taxes withheld from your wages or paying too little each paycheck for your taxes. At the same time, self – employed people usually pay taxes by estimates. Four facts concerning the payment of estimated taxes These four tips can […]

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Medical Expenses Deduction

December 21, 2018

If you want to deduct the payment for any type of medical expenditure this year, you must be aware of some new rules that apply to these types of deductions because they can affect your return. If you are looking for deductions for medical or dental expenses, you should be familiar with the following guidelines. […]

Categories: Deductions

Supporting your Parents

December 20, 2018

If you support your parents financially, the federal government wants to help. At tax time, there are a number of different tax assistance options available to parental care providers. The tax season 2018 brings a new dependency tax credit and the ability to claim a dependent from a parent. You may therefore be able to […]

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