-
Stocks
What is Lookback in an Employee Stock Purchase Program?
A lookback provision in an Employee Stock Purchase Program (ESPP) is a game-changer for employees looking to maximize their stock…
-
Small Business Tax Deductions
Are Homeschool Supplies Tax Deductible?
Homeschooling is a rewarding but costly endeavor, requiring investments in curriculum, textbooks, and educational materials. Naturally, many parents ask: Are…
-
Small Business Tax Deductions
Claiming Union Dues on Your Taxes: What You Need to Know
Union dues are a common expense for many workers, but the rules around claiming them on your taxes can be…
-
Federal Standard Deduction
Rental Property Loss Limitation: What You Need to Know
Navigating the complexities of rental property loss limitation is crucial for landlords looking to optimize their tax filings. The IRS…
-
Small Business Tax Deductions
Are OTC Medications Tax Deductible?
When tax season rolls around, finding ways to reduce your taxable income is always a good idea. A common question…
-
Credit Cards
Can I Pay Off Someone Else’s Credit Card and Deduct Those Expenses?
Paying off someone else’s credit card is a generous act, but when tax season rolls around, you might wonder if…
-
Business
Is Business License Registration Tax Deductible? Everything You Need to Know
When starting or running a business, understanding the various tax implications is crucial for managing your finances effectively. One common…
-
Small Business Tax Deductions
Honeymoon or Business Trip? Understanding Tax Rules for Business Expenses
Combining personal trips like honeymoons with business travel might seem like a smart way to reduce costs, but it raises…
-
Tax
When Do I Receive the Difference If I Have Overpaid On My Estimated Taxes?
Understanding when you will receive the difference if you have overpaid on your estimated taxes is a common concern for…
-
Small Business Tax Deductions
How Much of Cell Phone Bill is Tax Deductible?
This article addresses the question, “How much of your cell phone bill is tax deductible?” Understanding the nuances of tax deductions related to cell phone…
