Strategies to legally reduce your taxable income, maximizing deductions and leveraging tax-advantaged accounts.
Small Business Deductions
Clarifying car and truck expenses for businesses, including deductible costs and IRS mileage rate considerations.
What educational expenses can be deducted as a business expense, including IRS guidelines and limitations.
Guidelines on deducting business use of a personal cell phone, including what percentage of use qualifies.
Understanding auto expense deductions, including the criteria for claiming vehicle costs on business taxes.
Comprehensive guide to the home office deduction, including eligibility requirements and calculation methods.
Clarifying whether Starbucks purchases can be considered a business expense under IRS guidelines.
Criteria for deducting clothing costs for client photoshoots, including what qualifies as a legitimate business expense.
Details on the $25 tax deduction limit for business gifts per person or couple, and how to apply it.
Guidelines for accounting charitable donations, maximizing deductions while adhering to IRS regulations.