Deductions Archives - Page 14 of 27 - FREE Yourself from IRS Problems

Shamsey Oloko June 8, 2016 Business Expenses, Charitable Contributions, Deductions, Expenses Deductions, Moving Expenses, Ordinary and Necessary Expenses 0

When, If Ever, Can I Deduct Pet-Related Costs?

Believe it or not, there are some pet-related expenses which may be deducted from your taxes. Here is a summary of such expenses. And you thought all you were ever going to get out of this relationship was love, affection,…

Shamsey Oloko May 27, 2016 Deductions, Health Insurance Portability and Accountability Act of 1996 (HIPAA), Medical Expenses, Self-Employment Tax 0

Deductions And Long-Term Care Insurance

A long-term care insurance premium, or a part thereof, may be deductible from federal income taxes as a medical expense. Acknowledging that it can’t assume the primary role in paying for Americans’ long-term health care, the federal government offers tax…

Shamsey Oloko May 24, 2016 Business Expense, Business Expenses, Business Tax Credits, Deductions, State & Local Taxes, Tax Credit 0

Tax Breaks For Small Businesses

The US government defines a small business as one with sales of $7 million to $25 million a year and up to 1,000 employees. There are more than a few tax breaks available for small businesses and many have been…