The IRS allows taxpayers to deduct medical expenses used by themselves, their spouses, or someone claiming them as a dependent. Although tax returns do not accept medical deductions...
Posted by Pat Raskob on 01/26/2023
Should you invest your money in stocks or real estate?People often have doubts about what to invest in and when. Competitive home prices in up-and-coming neighborhoods are attractive...
Posted by Pat Raskob on 09/27/2022
Owning or managing property has many benefits that people overlook, such as the benefits of vacation rentals and tax deductions. While there are several expenses and rules to consider...
Giving out a on rent room is another way to earn extra money. Many people now rent out an apartment or a room either for an office or for other functions. If you want to rent out...
Airbnb and a series of other home-sharing firms are fantastic ways to bring in extra income. You might have a spare room to let, lease out your house when on vacation, or even have...
You might have a home where you stay for some time in a year while you rent it for the other part of the year. Doing this means you have to prorate the incurred expenses between rental...
Purchases of new and used commercial vehicles are eligible for tax exemptions per the current tax law. Some vehicles may be eligible for higher deductions than others.The first year...
Investors worried in search of safe havens have faced many considerable challenges in recent years. The declining value of the stock market value of residential properties and CD interest...
Posted by Advanced Accounting & Tax Planning on 08/02/2019
In December 22/2017 the new tax law called tax cuts and jobs act was approved and passed into law by congress. Due to the change that was associated with the new tax law, a lot of...
Posted by Wright Tax and Accounting Solutions on 04/09/2019