Is part of your home used in connection with a trade or business? This may seem obvious, but to claim the home office tax deduction, you must dedicate part of your primary home to work. W-2 employees are not eligible for the deduction as part of that work. Freelancers, independent contr...
If you're paying for a dependent child's college, you may be eligible for the American Opportunity Tax Credit of as much as $2,500. Tax Credit A direct reduction in tax liability, subtracted from what you owe, often based on specific actions or circumstances. How claiming a dependent ...
Now, if I file a tax amendment, is there any way I can get some tax exemptions for this per diem money. Otherwise I might end up paying huge taxes for the per diem money now. Please help. Thanks SmartCapitalMind, in your inbox ...