Tag Archive for: tax_deductions

Day Care Providers Enjoy Special Tax Benefits

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Article Highlights:  Business Use of Home Prorated Use Owned Home Rented Home Exclusive Use Meal Allowance Other Deductions A taxpayer who is in the business of providing family day care in their home may deduct…

SALT Deduction – Battle Lines Have Been Set and Swords Have Been Drawn

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Article Highlights: • SALT Tax Limits • State Work-arounds • Converting Tax Deductions to Charitable Contributions • IRS Regulations • Taxpayer Beware  Tax reform has limited the federal itemized deduction for state…