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Can Work From Home be Tax Deductible?

Tax Preparation and Tips11/02/202015Views 0Likes 0Comments

Since mid-March California was ordered to shelter in place and slowdown the spread of the coronavirus, businesses complied and transitioned to a work-from-home situation. In 2018, The Tax Cuts and Jobs Act effectively eliminated the “miscellaneous itemized deductions.” On the other hand to offset the elimination of the deductions it increased the standard deduction for…

Don’t miss these Tax Deductions and Keep More Money!

Uncategorized03/05/202016Views 0Likes 0Comments

The TCJA significantly increased the standard deduction for all taxpayers. This means that many individuals who previously received a tax benefit by itemizing deductions no longer do because taking the standard deduction is more advantageous. For 2019, the standard deduction is $12,200 for single taxpayers, $24,400 for married taxpayers filing a joint return, $18,350 for taxpayers…

Tips on Tax Deductions to Charity

Tax Preparation and Tips12/06/201912Views 0Likes 0Comments

In the season of giving, some folks are in a position to share their blessings and give to charitable organizations. As a taxpayer, you’ll be eligible to receive a tax deduction to a certain limit. Rules and laws change frequently but these are the basics for 2019. Check if the organization is legit The IRS…