Business automobiles: How the tax depreciation rules work
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles classified as passenger autos (which include many pickups and SUVs) can result in it taking longer than expected to fully depreciate a vehicle.
Read ArticleWhat types of expenses can’t be written off by your business?
In the world of tax deductions, it’s crucial to know what you can’t claim. Explore this blog to unveil the expenses your business can’t write off and safeguard your financial compliance.
Read ArticleMoving Mom or Dad Into a Nursing Home? 5 Potential Tax Implications
More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking about taxes. But there may be tax consequences. Let’s take a look at five possible tax breaks.
Read ArticleTraveling for business this summer? Here’s what you can deduct
If you and your employees are traveling for business this summer, there are a number of considerations to keep in mind. Read our blog to learn what you can deduct!
Read Article4 Tax Challenges You May Encounter If You’re Retiring Soon
Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Read our blog for a brief rundown of four tax and financial issues you may contend with when you retire!
Read ArticlePaperwork You Can Toss After Filing Your Tax Return
Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain records. Read our blog to learn about what paperwork you can toss after filing your tax return!
Read ArticleA Guide to Deducting Home Office Expenses
If you’re self-employed and run your business from home, you might be able to claim deductions for home office expenses against your business income. Read our blog to learn more!
Read Article2022 Tax Filing Guide
This a reference guide for use with 2022 tax return filing. 2022 Tax Brackets and Federal Income Tax Rates Tax Rate Single Married Filing Joint Married Filing Separate Head of Household 10% $0 to $10,275 $0 to $20,550 $0 to $10,275 $0 to $14,650 12% $10,276 to $41,775 $20,551 to $83,550 $10,276 to $41,775 $14,651…
Read ArticleHow Can I Lower My Business Taxable Income?
As a small business owner, you are most likely in charge of your own taxes. That’s why we’ve put together some tips on how to reduce your taxable income. Discover what they are on our blog!
Read ArticleYour 2021 Tax Filing Guide
Are you ready for tax season? Do you know your tax rate? If not, don’t worry. We’ll go over income rate, deductions, and more in our guide below!
Read Article2022 Tax Filing Year Summary
In 2021, we saw several laws come into effect that could change how you do your taxes this year. Watch out for these key dates and learn how this tax filing season is different.
Read ArticleWhat is Advance Child Tax Credit?
There are some exciting changes to Child Tax Credit. See how these changes could benefit you!
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