Unlocking Your Business Potential
What are the craziest tax deductions? The 10 Most Overlooked Tax Deductions State sales taxes. Reinvested dividends. Out-of-pocket charitable contributions. Student loan interest paid by you or someone else. Moving expenses. Child and Dependent Care Tax Credit. Earned Income Tax Credit (EITC) State tax you paid last spring. Read more on turbotax.intuit.com Tax deductions can … Read more
What can I write off as a business owner? What Can Be Written off as Business Expenses? Car expenses and mileage. Office expenses, including rent, utilities, etc. Office supplies, including computers, software, etc. Health insurance premiums. Business phone bills. Continuing education courses. Parking for business-related trips. Read more on www.freshbooks.com Understanding which expenses you can … Read more
As a model, you may be eligible to write off a variety of business-related costs when filing your taxes. Not all expenses, though, are deductible. Understanding what you may and cannot write off will help you avoid getting into trouble with the IRS. You can use the following costs as an example of expenses you … Read more
Can you write off toilet paper? Home essentials like cleaning supplies, soap – and, yes, even toilet paper – are partially tax-deductible. Think about it this way: If you weren’t working from home, you wouldn’t need to use up nearly as much of your toilet paper for personal use. Read more on www.keepertax.com You may … Read more
What deductions can I claim without receipts? Here’s what you can still deduct: Gambling losses up to your winnings. Interest on the money you borrow to buy an investment. Casualty and theft losses on income-producing property. Federal estate tax on income from certain inherited items, such as IRAs and retirement benefits. Read more on www.investopedia.com … Read more