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Kelly Burgess has more than a decade of experience in the product review space and is a writer in the consumer advocacy field. She likes helping people choose products that will have an outsized impact on their daily lives, like mattresses and home appliances. ...
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Working from home comes with various benefits, such as no commute and a casual dress code. It can also offer potentially valuable tax deductions for people who qualify.
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Making financial gifts to family members is a popular asset protection plan. The IRS allows you to gift $18,000 per person each year without having to pay thefederal gift tax. By gradually transferring wealth through gifts, you can reduce the size of your estate, which may help with Medicai...
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To take the home office deduction, you must show that a portion of your home is your principal place of business and that this space is regularly and exclusively used for conducting business. The IRS refers to this as the"exclusive use" test. ...
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Long Term Care for Employer Groupsis abusiness expense deductionand thebenefitsare receivedtax free.bjfim.bordenhamman.com♦§7702 B♦ §104 *IRC §104 (a) (3)(a) *IRS Publication 502Medical & Dental Expenses * Internal Revenue Code §7702 b Long Term Care treated as Accident & Health...