Please email me if you want to be introduced to our CPA from ABA. Connie Dello Buono, 408-854-1883 motherhealth@gmail.com or conniedbuono@gmail.com . Helping doctors and business owners reduce their income taxes.
Tag Archives: deductions
Federal Tax Deductions for Home Renovation by Turbotax
There are a number of ways that you can use home renovations and improvements to minimize your taxes. Looking to spruce up your home without breaking the bank? Renovation of a home is not generally an expense that can be deducted from your federal taxes, but there are a number of ways that you canContinue reading “Federal Tax Deductions for Home Renovation by Turbotax”
Expenses you cannot deduct as a business owner per Pub 535
bribes and kickbacks charitable and political contributions demolition expenses or losses dues to business, social, athletic, luncheon, sporting, airline and hotel clubs lobbying expenses penalties and fines you pay to a government agency personal, living and family expenses repairs that add to the value of your property or significantly increases its life
Standard tax deduction amounts by Kay Bell
Most taxpayers claim the standard deduction amount. The amounts are adjusted each tax year for inflation. For 2013, the standard deduction for taxpayers younger than 65 Single $6,100 Head of household $8,950 Married filing jointly $12,200 Qualifying widow or widower $12,200 Married filing separately $6,100 Standard deductions for older, visually impaired taxpayers Taxpayers who areContinue reading “Standard tax deduction amounts by Kay Bell”