Tag: deduction

Gambling With Your Taxes

Gambling, Wins and Losses What happens in Vegas, stays in Vegas.  Unfortunately, the IRS tends to disagree with that sentiment, especially when it comes to your taxes.  Whether you are a consistent gambler or your winnings (or losses) are the

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Taxes and Traveling for Charity

Over the summer months, some people might travel to participate in charity work.  Not only is that a wonderful, selfless contribution to society, but it could also be tax deductible!  For the purposes of this blog we will not be

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Donations May Cut Tax Bills

donations can cut tax bills dramatically

Did you know that donations to charity can help lower your tax liability? Now that 2016 is drawing to a close, many people are beginning to think about their year-end tax stuff. There is still enough time to make charitable

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Mileage Rates for 2016, Special 30% Discount from MileIQ for tracking Miles!

Tracking mileage for the purposes of deduction is a tedious pain in the neck. It’s the one thing I impress upon my clients each year because it is such a good deduction for people who use their own vehicle for work.

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Mileage Deduction Rates for 2015 Released

The 2015 Mileage Deduction Rates have been announced by the Internal Revenue Service today.  Taxpayers use the mileage deduction rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2014, the

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