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Federal Tax Deductions

How Does A Real Estate Tax Deduction Work?

The recent tax reform called the Tax Cuts and Jobs Act (TCJA) brings about changes in the real estate tax deduction. This matters to homeowners, real estate investors, and real estate agents, among others. After all, it can leave questions such as how will the new tax law affect eligibility and tax benefits? To clear certain provisions, read the following.In this …Continue Reading

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: …Continue Reading

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 …Continue Reading

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 …Continue Reading