Deductions Archives - Page 11 of 26 - FREE Yourself from IRS Problems

Shamsey Oloko August 5, 2016 Deductions, Education Tax Credit, Income Tax, Student Loans, Tax Credit, Taxable Income 0

Tax Benefits For Education Part 2

This is the second part of our multi-part blog on tax benefits for education. Any present or former (or future) student should utilize the knowledge, experience and expertise of the tax professionals at the Thorgood Law Firm to ensure that…

Shamsey Oloko August 1, 2016 Business Expense, Business Expenses, Deductions, Education Tax Credit, Qualified Education Expenses 0

Can I Deduct My Law School Tuition?

Many professionals, whether lawyers, accountants or physicians, experience and endure difficult economic times before finally earning their graduate degree. On one hand, the high cost of tuition must be paid, which requires either a significant student loan or form of…

Shamsey Oloko July 22, 2016 Deductions, Expenses Deductions, Health Expenses, Income, Medical Expenses, Qualified Disability Expenses, Taxable Income 0

Taxes And Medical Expenses

Taxpayers that itemize personal deductions instead of claiming the standard deduction may deduct qualifying medical expenses to the extent that such expenses exceed 10 percent of adjusted gross income (“AGI”). Taxpayers that are 65 years or older, or turned 65 during the tax year,…