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Medical Expenses: What It Takes to Qualify for a Tax Deduction
As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on...
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If Your Kids Are Off to Day Camp, You May be Eligible for a Tax Break
Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant...
Buy vs. Lease: Business Equipment Edition
Life presents us with many choices: paper or plastic, chocolate or vanilla, regular or decaf. For businesses, a common conundrum is buy...
What Type of Expenses Can’t Be Written Off By Your Business?
If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business...
How Entrepreneurs Must Treat Expenses on Their Tax Returns
Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time....
Investment Interest Expense is Still Deductible, But That Doesn’t Necessarily Mean You’ll Benefit
As you likely know by now, the Tax Cuts and Jobs Act (TCJA) reduced or eliminated many deductions for individuals. One itemized...
