Jan 4, 2021 | Tax, Uncategorized
PPP Loan Expenses Are Now Tax Deductible January 6, 2021 The PPP program was created by the CARES Act in March 2020 to help businesses which were adversely affected by the COVID-19 pandemic. Qualified businesses could apply for and receive loans of up to...
Dec 2, 2020 | Tax, Uncategorized
Lower Your Taxes This Year December 10, 2020 While 2020 winds down, there is still time to reduce your tax burden. Here are six ideas that can save money for most of us. 1. Leverage Pre-tax Savings Take advantage of opportunities to set aside income on a...
Dec 2, 2020 | Tax, Uncategorized
Age Does Matter When it Comes to Tax Obligations December 18, 2020 One of the elements that make our Federal Tax Code so hard to follow is that different laws apply to you based on you or your dependents’ age. To help you navigate through some of this...
Dec 1, 2020 | Tax, Uncategorized
Turn Your Home Office Into a Tax Deduction December 1, 2020 If you are working from home for the first time in 2020, you may be wondering if your home office is tax deductible. The bad news? If you’re working from home for an employer, you normally can’t...
Nov 30, 2020 | Tax, Uncategorized
Turn Your Home Office Into a Tax Deduction December 1, 2020 If you are working from home for the first time in 2020, you may be wondering if your home office is tax deductible. The bad news? If you’re working from home for an employer, you normally can’t...
Nov 2, 2020 | Tax, Uncategorized
The Lost Art of Tracking Home Improvements November 24, 2020 One of the more popular provisions in the tax code is the $250,000 capital gain exclusion ($500,000 for a married couple) of any profit made when selling your home. As long as you follow the...
