Deductions

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Can I deduct IRA contributions on my taxes? 2024 Update

Wondering if you can deduct your IRA contributions on your 2024 taxes? This blog breaks down the rules, income limits, and common scenarios to help you determine your eligibility. Whether you're singl... ...more

Deductions ,Taxes &Credits

March 25, 2025•3 min read

Can I deduct IRA contributions on my taxes? 2024 Update

What does Mileage Have to Do with It?

This blog explains how business owners and self-employed individuals can save money through mileage deductions. It covers the two methods for calculating deductions: the standard mileage rate and the ... ...more

Deductions ,Taxes &Expenses

March 12, 2025•5 min read

Deduct Credit Card Fees?

This blog explores whether credit card fees are tax-deductible, focusing on the key distinction between personal and business use. It explains that personal credit card fees are generally non-deductib... ...more

Deductions ,Taxes &Expenses

February 25, 2025•3 min read

Can I deduct unpaid invoices? 2024 Update

This blog addresses a common concern for business owners: whether they can deduct unpaid invoices for tax purposes. It explores how businesses using cash or accrual accounting methods handle unpaid de... ...more

Deductions ,Taxes &Expenses

February 17, 2025•3 min read

Can I deduct unpaid invoices? 2024 Update

S-Corp Owner? – Hire your Spouse!

In this blog, we explore the potential tax-saving benefits of hiring your spouse in your S-Corp, along with important considerations to ensure you don't miss out on opportunities or risk penalties. We... ...more

Deductions ,Taxes &Expenses

February 11, 2025•3 min read

Self-Employed? Hire Your Spouse!

Hiring your spouse as an employee in your sole proprietorship or partnership can be a powerful tax-saving strategy, but only if structured correctly. Instead of traditional wages, compensate with tax-... ...more

Deductions ,Taxes &Expenses

February 04, 2025•2 min read