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The cost of using your car while doing charitable work is deductible. You can deduct 14 cents per mile you drove while performing services for a charity. You can also deduct what you pay for parking and tolls. B Bargain sale to charity Selling property to a charity for less than the prop...
If you need more time to complete your taxes, file a tax extension. But don't miss out on your chance for a refund by not filing at all.
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I used turbo tax all the time when I was younger, it used to cost very little or nothing at all. Now even what’s advertised isn’t what you pay, you click no to all the premiums and extras and still end up paying $150 to file? That’s happened to me two years in a row, th...
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cash tips totaling more than $20 in a one-month period electronic tips paid through credit, debit, or gift cards tips received from other employees that are paid to you through tip pools, tip splitting, or other tip-sharing arrangements ...
Replacing consumer debt with loans that have tax-deductible interest can reduce the overall cost of your debt. Tax-deductible interest can include mortgage interest, student loan interest, and certain kinds of investment interest. There are restrictions on how much investment interest you can deduct,...
In this case, when reporting your self-employment income and expenses on Schedule C, you can include $120 for the cost of the phone and $600 for the annual contract. However, if your cell phone company doesn’t send you itemized statements each month, you still need to al...