Part 3 of 3: Fiscal Cliff and Tax Planning for Small Businesses
Bonus Depreciation & Section 179 Depreciation Deduction Rules for 2012
Here is a list of 10 deductions individual taxpayers may overlook
- Additional charitable gifts – everyone knows the donation itself is a deduction, but did you know certain expenses are deductible as well? For example, you could be reimbursed charitable miles at $0.14 per mile, the cost of any supplies bought for the group, and if a uniform is required, you could deduct the cost of that uniform and its cleaning bills.
- Moving expenses – there are many moving expenses you can deduct when you relocate. For example, even your first relocation after college to start a new job is deductible.
- Job hunting costs – costs related to searching for a new job in your current profession can be […]
2012 Year-End Tax Planning Takes a Different Direction
CA sales tax will be added to online purchases (Amazon, etc) starting 9-15
Planning for the Medicare 3.8% Tax- Net Investment Income, Deductions and More