Reduce your taxable income by claiming the available deductions to you. Updates to the itemized deduction thresholds, amounts, eligibility requirements; and standard deduction increase.
Planning a wedding is expensive, and when it comes to the honeymoon, many couples wonder if there’s a way to lighten the financial load—cue the intriguing idea of a honeymoon on business expense. At first glance, the concept of turning a romantic getaway into a tax-deductible trip might sound like the ultimate travel hack, but … Read more
If you’ve ever sighed at your credit card statement and asked, “Can I write off credit card annual fees?”—you’re definitely not alone. With annual fees becoming more common (and sometimes pretty steep!) on many credit cards offering rewards or premium perks, it’s only fair to wonder if that expense can lighten your tax load. Here’s … Read more
If you’ve ever stared at your pay stub and wondered, Can I claim union dues on my taxes?—you’re not alone. Claiming union dues on your taxes is a hot topic for workers across the country, especially with recent changes in tax laws. Whether you’re a union member, a freelancer, or just tax-curious, understanding the rules … Read more
If you’ve ever wondered whether you can claim your haircuts as a tax deduction, you’re not alone—“haircuts tax deductions” is one of the most searched-for topics during tax season, especially among freelancers, business owners, and anyone who wants to lower their tax bill. The idea of turning regular salon visits into a tax write-off is … Read more
With remote work now an everyday reality, many people are asking: can I deduct my home office utilities on my taxes? If you’re working from home, those monthly bills for electricity, heating, internet, and even water might seem like natural candidates for a tax break. But before you start tallying up your expenses, it’s important … Read more
When tax season rolls around, many people wonder if the money spent on over-the-counter (OTC) medications—like pain relievers, allergy pills, or cold remedies—can help lower their tax bill. While the IRS allows taxpayers to deduct certain medical expenses if they itemize and those expenses exceed 7.5% of their adjusted gross income (AGI), most OTC medications … Read more
If you’ve ever wondered if you can write off first class travel, you’re not alone. Creative professionals, entrepreneurs, and business travelers alike dream of turning those plush seats and extra legroom into a savvy tax deduction. But before you start booking those premium tickets, it’s essential to understand the IRS rules, what “ordinary and necessary” … Read more
If you’ve ever stared at your bank statement and wondered, “Can I deduct bank fees?” you’re not alone. With the rising costs of monthly maintenance fees, wire transfers, overdraft charges, and ATM withdrawals, it’s only natural to look for ways to turn those unavoidable expenses into tax savings. In this comprehensive guide, we’ll dive into … Read more
If you’ve ever wondered, “does home internet count as supplies and tools?”—especially when it comes to tax deductions for freelancers, remote workers, or small business owners—you’re not alone. The answer matters for anyone looking to claim home internet expenses, deduct work-from-home costs, or understand how internet bills fit into categories like business supplies, office tools, … Read more
When it comes to unexpected events like water damage, homeowners often wonder if they can claim these expenses on their taxes. The question of whether water damage is tax-deductible is complex and depends on several factors, including the cause of the damage and whether it qualifies as a casualty loss. A casualty loss is defined … Read more