How would you like Uncle Sam to pay for part of your vacation? Sound unlikely? If you combine your vacation with a business trip, you may be able to deduct some of your expenses. Pay attention to the rules, though. Expenses must meet certain requirements before they’re tax deductible. General Guidelines As long as your […]
Can you deduct the cost of your vacation? Read More »
Key Changes to Note Child credit — Starting with the 2018 tax year, taxpayers can claim a $2,000 per child tax credit, or double the prior credit amount. The refundable portion of the credit has been increased to $1,400 per qualifying child, and other restrictions on the credit have been eased. Charitable contributions — Generally,
Individual Tax Change Highlights for 2018 Read More »
If you’re in business for yourself, you know how challenging it can be to run your business and keep on top of your tax situation. Here’s a refresher on the tax rules you need to be aware of if you’re a self-employed sole proprietor or are thinking of becoming one. Income Taxes As you probably
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Simply change the orange cells below to get your answer! Your browser does not support iframes. Your browser does not support iframes. Note: This only compares 2018 vs 2017 changes in Standard Deductions, Exemptions, & Child Tax Credits. For a more detailed review, please call me.
Quickly check if 2018’s tax changes saved you money! Read More »
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