Tax Tips

Can I Deduct Expenses Related to my Job Search?

Here are seven things from the IRS website to know about deducting costs related to your job search: 1. To qualify for a deduction, your expenses must be spent on a job search in your current occupation. You may not…

Why Use a Professional to Prepare your Taxes?

Many people use a tax professional to prepare their taxes. If you choose a tax pro, you should know who can represent you before the IRS. There are new rules this year, so the IRS wants you to know who can represent you and when they can represent you. Choose a tax return preparer wisely.

The Taxpayer Bill of Rights

Every taxpayer has a set of fundamental rights. The “Taxpayer Bill of Rights” takes the many existing rights in the tax code and groups them into 10 categories. You should be aware of these rights when you interact with the…

What sort of volunteer or donation related expenses can I deduct?

You can deduct your contributions only if you make them to a qualified organization. Most organizations, other than churches and governments, must apply to the IRS to become a qualified organization. Deductible as Charitable Contributions: Money or property you give…

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