Weighing the Pros and Cons of LTC Insurance
The COVID-19 pandemic and its aftermath have significantly affected our lives in many ways that are still playing out. For example, the pandemic has served as a reminder of how …
Can an individual deduct vehicle expenses?
It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also may be able to deduct them in certain circumstances, if they have a business-related purpose. …
Can I deduct my spouse’s business trip expenses?
If you own a company and travel for business, you may wonder whether you can deduct all the costs of having your spouse accompany you on trips. It’s possible, but …
Protect Your Business With Meticulous Records
If you run a business, you know that you need to support expenses with detailed records. To be deductible, every expense on your tax return might have to be defended …
Can you deduct the costs of a self-managed portfolio?
Do you have significant investment-related expenses, including payment for financial service subscriptions, home office maintenance, and clerical support? Under current tax law, these expenses aren’t deductible through 2025 if they’re …