Deductions Archives - Page 12 of 27 - FREE Yourself from IRS Problems

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,…

Shamsey Oloko July 13, 2016 Audit, Bankruptcy, Charitable Contributions, Deductions, Donald J. Trump 0

What A Mess: The Donald And His Tax Returns

In March, Donald Trump’s campaign published a letter written by his tax attorneys explaining the status of his tax returns, an apparent sore subject for the Donald whenever he is questioned about it by the media. Although the letter is dated…