Articles for tag: Tax Deductible

Karla News

How to Claim Pet Care as a Tax Deduction

Parents, for the most part, can enjoy claiming care-related expenses as tax deductions. At the end of the year, I’m grateful to be able to deduct daycare expenses, my daughter’s health insurance, and medical bills all from my income, and I can also claim the child tax credit. For pet-parents, though, it can be challenging ...

Top Six Personal Tax Deductions

Most people are fairly familiar with business tax deductions and investment deductions, but since personal tax deductions are fairly strict, many people choose not to bother. You can save a bundle, however, if you understand your options with personal tax deductions. Having an experienced CPA in your corner is a good start, but if you ...

Karla News

Basic Bookkeeping Principles for Your Home Based Business

So you’ve decided to work at home instead of finding a regular job. Here are some simple bookkeeping principles you should be aware of. **Income earned from working at home is still considered taxable income by the IRS. You must keep accurate records of your income and expenses in order to determine whether or not ...

Top 5 Charities You Should Know About

When it comes to giving to charities, many of us think that all charitable donations are either pocketed for personal use or never used to the advantage of those in need. However, there are some great places to give your time and money, and it is time we do that. Here are some organizations that ...