Fundera
FEBRUARY 13, 2017
But while there’s a wealth of information out there about tax deductions for business owners in general, when you run your business out of your home, it can be far more challenging to understand how some of those policies apply. If you or your spouse are 65 years or older, you can deduct expenses that exceed 7.5% Finance Deductions.
Lendio
JANUARY 16, 2023
Can you deduct any of your property? If you started using new property in the past tax year, see if it’s eligible for a Section 179 deduction. Can you deduct any of your charitable contributions? Have you accounted for all other deductions? Talk to your adviser and find out if it can be part of your tax strategy.
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Due
JANUARY 12, 2023
Magazine and newspaper subscriptions. Consider canceling physical magazine and newspaper subscriptions and switching to online versions or reading them at your local library instead. You can also raise your deductible or drop certain coverage options to save money on car insurance. Car insurance.
Due
OCTOBER 16, 2024
Books, magazines, or articles can enhance your knowledge and keep your brain engaged. If you’re still working and have a high-deductible health plan, consider opening a Health Savings Account (HSA). Sudoku, crossword puzzles, and other brain games are great ways to challenge your mind. Read regularly.
Fundera
AUGUST 12, 2019
Lasser’s Tax Deductions for Small Business,” in 1995. Columnist and small business owner, Gene Marks , writes regularly on his blog and for the Washington Post, Forbes, Inc Magazine, and Entrepreneur. Don’t forget: you can also download their digital magazine! Barbara Weltman. Gene Marks. Noobpreneur.
Due
OCTOBER 9, 2024
They offer online databases, e-books, audiobooks, magazines, newspapers, educational programs, and workshops. Take Advantage of Tax Deductions Your overall tax liability can be significantly reduced by taking advantage of tax deductions and credits. Basically, libraries are a treasure trove of free knowledge and entertainment.
Fundera
DECEMBER 15, 2018
Section 179 Tax Deduction – The Section 179 tax deduction allows small business owners to deduct up to $1 million on equipment purchases in the year of purchase, rather than depreciating the equipment year over year. You can claim 39% of the amount you invested in a low-income community as credit, over a seven-year period.
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