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Monday, July 16, 2018What kinds of deductions can I take? IRS 2018 Deductions: Work Related Deductions Deductible Business Expenses Standard Mileage Rates Home Office Business Use of a Car Business Travel Expenses Bad Debt Business Entertainment Expenses Depreciation and Amortization READ MORE >>
Monday, July 16, 20181. What is taxable income? This includes wages, salaries, tips, commissions, business income, rents, dividends, alimony, capital gains, IRA distributions, unemployment benefits, and Social Security benefits. 2. What kind of deductions am I allowed to take? Tax deductions are adjustments to an individual's taxable income. READ MORE >>
Monday, July 16, 2018Income taxes are collected from U.S. residents on an annual basis. Money collected from these taxes is used to fund a number of services and programs including Medicare, Social Security, public works projects, public education, national security, and our welfare programs. READ MORE >>
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