If you have to buy a smart new suit for your paralegal job or uniforms for your National Guard duties, it might seem these are obvious work expenses and valid tax deductions. Not necessarily, according to the Internal Revenue Service (IRS). Work clothes
Discover if you qualify for a nanny tax deduction. Learn to maximize tax savings on childcare expenses with insights into tax credits and payment thresholds.
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For those regularly driving to work or business meetings, parking costs can quickly accumulate, prompting the question: "Can you write off parking for work?" Whether you're an employer looking to improve benefits, an employee seeking to optimize take-home pay, or a self-employed profession...
After fifteen years in the Information Technology industry, I have learned a few lessons that have helped me maintain my sanity (明智) at work. The key for me has always been to have hobbies and interests outside of work. It doesn’t matter what you do, but you need time away from ...
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The amount of gambling losses you can deduct can never exceed the winnings you report as income. For example, if you have $5,000 in winnings but $8,000 in losses, your deduction is limited to $5,000. You could not write off the remaining $3,000, or carry it forward to futu...
You can't write off the purchase price and claim the standard mileage deduction in the same year. You can't deduct more than your business's net income for the year. How Section 179 Deductions Work ASection 179deduction is a special kind of tax deduction that businesses can take to reduce...
Layers of clothes that can be taken on and off provide the best comfort and temperature control. Bring sun protection in summer and dress for sub zero temperatures in winter. It can feel much colder on the mountain than down in the valleys. 3. Asking you to take a picture is normal and...