If you use your vehicle for your independent contractor business, you may be able to take a deduction on Schedule C for the business use of that vehicle. Read More ›Are Moving Expenses Tax Deductible? Yes, moving expenses can be tax deductible, but only if you meet the requirements ...
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 ...
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...
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 ...