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Tips for Deducting Medical and Dental Expenses

Posted by Taylor Bennett on May 21, 2020 8:08:00 AM

If you, your spouse, or dependents have significant medical or dental costs in 2019, you may be able to deduct those expenses when you file your tax return this year. Here are eight things you should know about medical and dental expenses and other benefits:

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Topics: Personal Finance, Taxes, Managing Your Tax Liability, Tax Deduction, Tax Return

Home Equity Loan Interest Still Deductible

Posted by Missy Dennis on Mar 10, 2020 8:22:00 AM

The Tax Cuts and Jobs Act has resulted in questions from taxpayers about many tax provisions including whether interest paid on home equity loans is still deductible. The good news is that despite newly enacted restrictions on home mortgages, taxpayers can often still deduct interest on a home equity loan, home equity line of credit (HELOC) or second mortgage, regardless of how the loan is labeled.

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Topics: Personal Finance, Tax Deduction, Tax Return, Home Ownership

Do You Need to File a 2019 Tax Return?

Posted by Scott Farnes on Feb 12, 2020 8:05:00 AM
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Topics: Taxable Income, Taxes, Tax Deduction, Tax Credit, Tax Return, Tax Preparation

Standard Mileage Rates for 2020

Posted by Taylor Bennett on Jan 21, 2020 8:21:00 AM
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Topics: Taxes, Tax Deduction

Updated Rules: Deductible Business & Other Expenses

Posted by Scott Farnes on Dec 11, 2019 8:44:00 AM
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Topics: Business Ownership, Taxes, Tax Deduction

Business Expense Deductions for Meals, Entertainment

Posted by Taylor Bennett on Nov 7, 2019 8:17:00 AM
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Topics: Business Ownership, Tax Deduction, Business Expenses

Special Tax Breaks for Members of the Armed Forces

Posted by Taylor Bennett on Oct 30, 2019 8:48:00 AM
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Topics: Taxes, Tax Deduction, Tax Credit

Tax Reform Reminder: Changes to Itemized Deductions

Posted by Scott Farnes on Oct 28, 2019 8:03:00 AM
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Topics: Personal Finance, Taxes, Tax Deduction, Tax Reform

Rental Real Estate Qualifies as a Business

Posted by Taylor Bennett on Oct 11, 2019 8:41:00 AM
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Topics: Taxes, Tax Deduction, Rental Real Estate

The Home Office Tax Deduction for Small Business

Posted by Taylor Bennett on Oct 4, 2019 12:20:09 PM

If you're a small business owner who uses your home for business you may be eligible to claim the home office deduction, which allows you to deduct certain home expenses on your tax return. The benefit to this, of course, is that it can reduce the amount of your taxable income.

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Topics: Business Ownership, Tax Deduction, Small Business

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