Safe Deposit Box

Everyday Tax Tips Protecting those important documents and records at the bank each year can be expensive. Good thing there’s a tax benefit for it. Deduct the cost of your safety deposit box fees on your tax return every...

Tax Preparation Fees

Everyday Tax Tips I don’t know if you knew or not, but the fee you paid to have your tax return prepared this year is deductible on your tax return next year. AND the fee you paid last year is deductible on your tax return this year. Who would have guessed that having...

Losses or Theft

Everyday Tax Tips 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...

Job Travel

Everyday Tax Tips Job Travel 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:...

Job Education

Everyday Tax Tips Staying abreast of the current trends in your career is important. It can can be costly too! Be rewarded for investing in your career. Money paid for professional memberships–including union dues–and subscriptions, events, conferences and...

Charitable Donations

Everyday Tax Tips Charitable Donations Give to receive! Charitable donations, whether in cash or in kind, to a qualified organization can net you a tax deduction equal to the amount of cash or the value of the items donated. A quick way to track these donations are to...