Ong & Company Blog

Business Education Tax Breaks

Maybe you feel the need to brush up on your skills in your particular line of work. One option is to take a refresher course at a local college this summer. What makes it even more enticing? You may ...

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Business / Vacation Travel Expenses

Richard Ong / June 01, 2018 /

Tax Deductions

Travel Expense - Business or Personal?...

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New Depreciation Rules For 2018

Richard Ong / May 03, 2018 /

Tax Deductions

Here are four new and improved depreciation tax breaks: The new Tax Cuts and Jobs Act (TCJA) includes numerous provisions designed to stimulate business growth, including changes in depreciation ...

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What Type of IRA is Right For You?

Richard Ong / March 18, 2018 /

Tax Deductions

It's 2018, so it's too late to cut your 2017 tax bill…right? Wrong. If you qualify, you can deduct all or part of a contribution to a traditional IRA made before April 17, 2018 on your 2017 tax ...

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Miscellaneous Tax Deductions For 2017

Richard Ong / March 11, 2018 /

Tax Deductions

What do you call those deductible expenses that don't fit squarely into any other category? The IRS refers to them as "miscellaneous" expenses. If you qualify, you can deduct the excess above 2 ...

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New Tax Breaks for Businesses

Nick Ong / February 18, 2018 /

Tax Deductions, Tax Planning

The Tax Cuts and Jobs Act (TCJA) does much more for businesses than lower corporate tax rates. With careful planning, your small business may realize big tax benefits under the new law. Here are ...

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Enhanced Medical Expense Deductions

Richard Ong / February 10, 2018 /

Tax Deductions

The new tax reform law — the Tax Cuts and Jobs Act (TCJA) — preserves the deduction for medical expenses, unlike many other itemized deductions. But that's only part of the good news for itemizers. ...

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2018 Tax Planning Opportunities

Richard Ong / February 03, 2018 /

Tax Deductions

Now that the massive new Tax Cuts and Jobs Act (TCJA) is finally the law of the land, what should you do? Every situation is different, but here are several practical suggestions for improving your ...

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Deducting Commuting Expenses

Richard Ong / January 13, 2018 /

Tax Deductions

If you commute back and forth to work every day, you typically can't deduct any of your travel costs, such as gas for your car or commuter fares. The IRS says these commuting expenses are ...

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Alimony or Child Support?

Richard Ong / January 05, 2018 /

Tax Deductions

If you are divorced and have young children, there's a good chance that you are paying or receiving alimony or child support (or both) under a divorce decree. What's the difference? The distinction ...

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