Dec 14, 2020 | Business, Taxes
Home Office Tax Deduction If you are working from home for the first time in 2020, you may be wondering if your home office is tax deductible. The bad news? If you’re working from home for an employer, you normally can’t deduct your home office expenses. Here’s a...
Sep 30, 2020 | Planning, Taxes
How to Eliminate Tax Surprises What is normally a reliable estimate of your taxes – the amount of money withheld from your paychecks by your employer – may be an unreliable estimate this year thanks to the current pandemic. Even worse, using the safety net of paying...
Aug 31, 2020 | Planning, Taxes
NEW Tax Rules for 2020! Here are several new tax rules for 2020 to consider as you start planning your 2020 tax obligation. Make up to $300 of charitable contributions. For the 2020 tax year only, an above-the-line deduction of $300 is available to all Americans who...