The Internal Revenue Service (IRS) announced the IRS mileage rate 2018 as early as last year. And now it’s time for car owners to max-out its benefits. In a nutshell, this rate refers to the amount you can use to deduct non-personal, vehicle-related expenses off your annual tax dues. These are the rates based on the recently passed Tax Cuts and Jobs Act of 2017. Get to know … [Read more...]
What Is A Tax Write Off And How Does It Work? | Your FAQs Answered
What is a tax write off? If you don't know what this means, you're probably missing out on opportunities to significantly cut your taxes. It's any expense that you can claim in your income tax return as a deduction, but you need to make sure that you qualify for these so you won't have a bad experience when the IRS comes to audit. Read on to learn more. In this article: … [Read more...]
Don’t Miss These Posts On Tax Relief Center…
1. What Is Financial Planning? Frequently Asked Questions [And Answers!] Have you ever asked yourself or someone else “what is financial planning?” It is a common question and most people consider having a good plan in order to gain financial control and live a comfortable life. Continue reading to know how you can work on your personal financial planning and achieve … [Read more...]
Taxes You Can Write Off When You Work From Home [INFOGRAPHIC]
Aside from the flexibility and convenience of working from home, you can also benefit from a number of taxes you can write off from using your own space for business. The home office deduction is among the most popular benefits of work from home jobs, but there are more. Apart from the space, there are several other things you may not know about which qualify for tax … [Read more...]
South Dakota v Wayfair | Ruling On E-Commerce Sales Taxes
Decided on June 2018, South Dakota v Wayfair ruling has the power to change the e-commerce landscape in several ways. In this case, the Supreme Court ruled states have the authority to require e-commerce companies to collect sales tax. While the exact rules are not completely clear or set in stone yet, here is a look at the case, the history of e-commerce sales tax collection, … [Read more...]
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