Most Americans are reliant on their car as their primary mode of transportation. Business owners often have a large fleet of vehicles that literally drive their success.
Tax-deductible travel is a vital part of your annual tax return, and it’s important to keep track of exactly what you can claim for, and how much you … Read the rest
Medical expenses can damage your budget tremendously, especially when the emergency is unexpected and your insurance does not cover it. The good news is the IRS does allow you to have some relief from medical expenses with a medical deduction for 2016.
However, to take advantage of their leniency you have to know what is … Read the rest
The federal government motivates you to buy a house by permitting the deduction of home loan interest. Although extra standards are present, just the interest you actually pay out throughout the year is entitled to a reduction in taxes.
Should you make a past due home loan payment in the next income tax year, you … Read the rest