Ellin & Tucker
Belcamp, MD:
Meals and Entertainment: To Deduct, or not to Deduct?
Curious how tax reform changed the laws on business deductions for meals and entertainment expenses? Look no further! All copyrighted material utilized herein is considered to fall under the scope of
Tax Tip: Is It Deductible?
Kiplinger's tax experts reveal the deductions you don't want to miss.
Which item was successfully deducted?
People try to deduct some wacky things. Try to guess which of these items successfully got past the IRS. (Remember, though: Just because someone else scored, doesn't mean it will work for you. Taxes are a case-by-case thing.)
Is the Apple Watch Tax Deductible?
Sounds like a good portion of it just may be -- as long as you steer clear of the gold $17K piece.
Is My Contribution Deductible?
With tax time fast approaching, I often encounter confusion about what can and cannot be done with traditional IRAs and defined contribution [DC] plans in different scenarios. So, here are some pointers that might help you juggle the two....
Can Volunteers Deduct Their Expenses?
Can volunteers deduct what they spend on charitable pursuits? Not always.
What Medical Expenses are Tax Deductible?
Even with good insurance and a low deductible, no one truly enjoys paying medical bills. One bright side to big bills is the opportunity to claim your medical expenses as a deduction on your tax re…
Is Your Lawsuit Tax Deductible? How to know when it is, and isn’t, deductible
Any lawsuit a company faces is disruptive to business. The costs associated with hiring attorneys, defending a case, and paying for damages or a...
Is Business Bad Debt Deductible?
While business bad debt is a pain for small business owners, the bad debt deduction could help during tax time. Learn the allowances and limitations.
How to Deduct Job Search Expenses on Your Tax Return
If you're looking for a job or did so in the last year, we have some good news: some of these expenses can be deducted on your taxes!
How to Make Sure Alimony Payments Are Tax Deductible
Not all alimony payments automatically qualify as being tax deductible. There are seven different requirements that the IRS has for taxpayers who want to deduct payments they make for alimony. They are as follows: Payments should be in cash or check. You cannot give assets that equal the value of your...
How to deduct stock losses from your tax bill
Learn the proper procedure for deducting investment losses and get some tips on how to strategically structure them to lower your income tax bill.
How to Deduct Your Mortgage Interest & Equity Loan Costs
Mortgage interest and home equity interest can both be deducted from your federal income taxes. HouseLogic explains how it works.
When is Interest Expense Deductible?
Learn the specifics when it comes to deducting interest expense on your tax return so you get the most out of your taxes this year.
Want to Deduct Charitable Donations?
These factors can have a big impact. Some charitable donations provide larger deductions than others, and it isn’t necessarily based on how much - or even
Are Political Donations Tax Deductible?
Are political contributions tax deductible? Before signing a check, learn the difference between charitable giving and political donations at H&R Block.
What Drives Are Tax-Deductible?
You can deduct your mileage on taxes as a business expense. But, make sure you're following the rules about what drives you can deduct.
Tax Tips for the Well-traveled Businessperson
Food and lodging expenses are generally deductible when away from home for business purposes. This may be particularly beneficial for self-employed individuals who travel extensively. Like everything involving taxes, there are rules to follow.
Is Tax Education Deductible?
Tax season is right around the corner, and if you're a tax student you're likely wondering whether or not your education is going to be deductible. We get this
