Back in the day folks could use certain out-of-pocket employment expenses as a tax write-off; but as 2018 things have changed. Now, remember… I’m talking about potential w2 employment expenses, NOT self-employment expenses. Here are some examples of job expenses that were deductible for tax years 2017 and before, but are now not deductible for […]
Do You Make Charitable Contributions From Your Business???
So you enjoy giving money to charitable organizations, do you??? Yes! I knew you did. You love to give to great causes and so do I. So give and don’t stop. In addition to the good feeling of giving, it’s also kinda nice knowing you can write those donation off on your taxes. Right??? Well.. […]
The New Tax Law will decrease taxes for most taxpayers
The New Tax Law will decrease taxes for most taxpayers. However, there is some “fine print” in the New Tax Law, that actually takes away deductions and tax credits that you may be expecting to receive for the coming tax season. Here are a few of the disappearing tax breaks: No more write-off for employee business expenses. If you are an employee […]
Worried about the 2018 Tax Changes?
So…. When I first heard about the tax bill changes, I admit, I became a little concerned. But the longer I thought about it, the more comfy I became. I’m neither Democratic nor Republican, so that affords me the option to NOT automatically take a side simply based on what the general population believes to […]