
Eldercare Can Be a Medical Deduction
Deductions, Retirement, Tax TipsBecause people are living longer now than ever before, many individuals are serving as care providers for loved ones (such as parents or spouses) who cannot live independently. Such individuals often have questions regarding the tax ramifications…

How High-Income Professionals Can Benefit from the Pass-through Deduction
Deductions, UncategorizedArticle Highlights:
High-Income Professionals
Specified Service Trade or Business
Sec. 199A Deduction
Defined Contribution Retirement Plans
Defined Benefit Retirement Plans
Tax Savings
If you are a high-income professional…

Good and Bad News About The Home Office Tax Deduction
Deductions, UncategorizedArticle Highlights:
Home Office
Qualifications
Actual-Expense Method
Simplified Method
Income Limitation
Employee Deduction
“Home office” is a type of tax deduction that applies to the business use of a home; the…