What is the IRS Mileage Rate for 2020?
December 17, 2019
For anyone expecting to claim mileage on their taxes in 2020, it’s an exciting time. The IRS has released the new mileage rate. Let’s discuss what you need to …
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Can You Deduct Child Care Expenses in 2019, 2020?
December 13, 2019
For parents who are responsible for childcare, handling the cost of bringing up children can be tough. That’s why the IRS allows you to deduct certain childcare expenses on …
Can You Claim Home Repair Tax Deductions?
December 4, 2019
When people think of home repairs, they don’t generally think of doing them as being a way to lower their tax liability. However, there are some ways that home …
What is the IRS Dependent Exemption?
November 25, 2019
The IRS dependent exemption is aimed at taxpayers who need to pay for dependents. Most commonly, parents would apply for this because they have children. However, it also applies …
What Are Medical Expense Tax Deductions?
November 25, 2019
The IRS allows you to deduct a certain amount of your medical expenses from your taxes. However, this can be a complex issue if you’ve never found yourself in …
Self Employed Tax Deduction Tips
July 5, 2019
Being able to work for yourself is exciting. It allows you to do something you love and achieve a work/life balance that cannot be achieved when you are working …
IRS Cracks Down on Exaggerated Tax Deductions
July 5, 2019
Padding tax deductions has always been a symbol of the financial grey area. But the IRS is now cracking down on people who’re either exaggerating their deductions or plain …