The Deductibility of Medical Expenses
Individual taxpayers may be able to claim medical expense deductions on their tax returns. However, the rules can be challenging, and it can be difficult to qualify. Here are five points to …
Which business website costs are deductible?
Nearly every business needs a website, but it’s not always easy to determine which costs of running one are deductible. Fortunately, established rules that generally apply to the deductibility of …
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. …
Maximizing Deductions for Spouse Business Travel: What You Need to Know
Taking your spouse along on a business trip? Before you start tallying up deductions, make sure you know the rules — they’re stricter than you might think. When Your Spouse …