Tax deductions on vehicles can be a bit tricky. There are a few different ways that you may be able to claim a deduction for a vehicle, depending on how you use it.
a provision that allows investors to defer paying taxes on the sale of a property if they use the proceeds to purchase a similar property.
Cryptocurrency has become increasingly popular in recent years, with many people using it as a form of investment or as a means of conducting transactions online. However, the tax treatment of cryptocurrency is still a topic of much debate and confusion. Here’s what you need to know:
Income Tax Requirements When Living Out of the Country Living in a foreign country holds a lot of appeal. It gives an exotic impression and seems like a never-ending vacation....
If you have a child living under your roof and is over the age of 19 but is not in school and working a part-time...
Many educators are aware of the deduction they can take on the front of their tax return for out-of-pocket expenses that aren’t reimbursed by the institution they teach for.
I don’t know if you are aware or not, but the fee you paid to have your tax return prepared this year is deductible on your tax return next year.
That personal item you love was lost, stolen or damaged? Got into a vehicle accident and the insurance company didn’t totally cover everything? You may be able to deduct the value of the loss on your tax return. Talk to your tax professional about the benefit you can take for those losses on your tax return.
I don’t know about you, but when I worked for other companies, my job liked to send me places for training and didn’t always reimburse me for all of those expenses. But that’s ok. You can deduct those travel expenses on your tax returns