Posts in Tax Deductions
Have an IRA? Contribute by April 15th to Claim It for 2018

With tax season in full swing, we’d like to remind taxpayers it’s not too late to contribute to an Individual Retirement Arrangement (IRA) and still claim it on your 2018 tax return. In fact, anyone with a traditional IRA may be eligible for a tax credit or deduction on their 2018 tax return if they make contributions by April 15, 2019. 

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Small Business Tax Tip: Deducting Your Home Office

If you are a qualified small business owner, entrepreneur or employee who works from home either part or full time, the IRS allows you write off associated rent, utilities, real estate taxes, repairs, maintenance and other related expenses. There are two options for claiming the Home Office Deduction on your federal tax return.

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