Now that summer has arrived, you may find opportunities to combine business activities with pleasure, which could result in tax breaks. Here are five of those potential breaks....
Is your teenager looking for a job for the summer? Hiring him or her to work in your business not only provides a little income for your child, but it can result in several tax and financial benefits....
Usually if you sell securities and the transaction results in a loss, you can use the loss to offset capital gains, plus up to $3,000 of ordinary annual income. Any excess loss over that amount is ...
Do you often work from the comfort of your own home? Depending on your circumstances, you may qualify for a home office deduction that can reduce your tax liability....
Suppose you're planning to take a business trip across the country. Are you eligible for tax benefits if you invite your spouse to accompany you? It depends on your circumstances. Specifically, the ...
Suppose you're buying a home and searching for a mortgage. There are a myriad of choices in today's marketplace with interest rates at near-record lows. In some cases, you may qualify for a ...
Most tax-deductible expenses fall into a specific category. For instance, you can usually claim mortgage interest and charitable contributions as itemized deductions on Schedule A of your Form 1040. ...
Although you can't deduct the value of time and energy spent on charitable endeavors, you can often write off unreimbursed expenses incurred while performing charitable duties. Here are some of the ...
Are you facing a tax liability on your 2016 return or looking for a bigger tax refund? There's little you can do now to reduce the tax, but there's at least a couple options that may be available to ...
