Is it possible to declare deductible tax items from a vacation trip? Wouldn't it be a relief if we could declare some of our expenses as business-related and include them in our itemized tax deduction? Going on a business trip doesn't mean you have to miss out on some great vacation experiences along the way. Get to know the expenditures you may consider tax deductible while on … [Read more...]
Take Advantage Of These Work From Home Tax Deductions
Doing business out of your home may entitle you to some work-from-home tax deductions. Whether you are an employee or a self-employed individual, claiming home office expenses on a tax return can help you save money on taxes. Read on to learn more about home office deductions, claiming home office expenses on a tax return, and more! Work from Home Tax Deductions … [Read more...]
Don’t Miss These Posts On Tax Relief Center…
1. Best Tax Estimator Tool To Predict This Year? A tax estimator comes in handy when you’re not sure how to calculate your taxes. This tax-calculating tool is easily accessible online for free from different web sources. You just need to fill out the necessary information on the online form, and you’ll find out what to expect in taxes owed. But, there’s more to it than just … [Read more...]
We Break Down The New Tax Forms 1040
As part of the Tax Cuts and Jobs Act, the Internal Revenue Service (IRS) has released a smaller, simpler, more streamlined version of Tax Forms 1040. These have postcard dimensions, which will replace multiple versions of IRS Forms 1040 including IRS Form 1040a and IRS Form 1040ez. Keep reading to learn more about this latest bit of IRS news. In this article: What Is … [Read more...]
Estimated Taxes | How To Determine How Much You Should Save
Estimated taxes can be challenging, especially for a taxpayer who needs to report self-employment income. The wrong numbers can lead to a tax liability or underpayment of estimated tax, which then results in an underpayment penalty. Read on for more information on making the right estimated payments. In this article: How Do I Know If I Need to Pay Estimated Taxes? Am … [Read more...]
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