Tag: deduction
The standard deduction is a mechanism that reduces the amount of income that’s eligible for tax. For the current tax year, the standard deduction is worth $12,000 for single …
In order to claim the home office deduction, you must know the square footage of your entire home and your home office. Auditors do not usually make home visits. …
Homeowners are usually well informed about the home-related tax deductions that they can make at filing time. However, when purchasing a home, other costs can quickly accumulate. For buyers …
There are many strategies to use for house remodeling and upgrades to reduce your taxes. Remodeling your house is not usually a cost that can be deducted from your …
Under current IRS rules, you can deduct a certain amount in mileage rates if you are using your vehicle for business reasons. Every year, the IRS publishes a list …
