Individual and Corporate Tax Preparation | Accounting Services | Coral Springs, Fl | 954-828-2373
Investment Expenses and Fees you incur on your taxable investments may be deducted on your income tax return if you itemize deductions. Miscellaneous itemized deductions are usually limited to the amount of expenses over and above 2% of your adjusted gross …
Employee Business Expense Tax Deduction Employee business expenses, including business travel expenses, may be deducted on your income tax return if you itemize deductions, but are subject to certain limitations. Business entertainment, meals, lodging, and business gifts may be tax deductible, but …
Job Educational Expenses, if you work for an employer, may be deducted under miscellaneous itemized deductions on Schedule A. They are subject to the 2% of adjusted gross income deductible. If you are self-employed, deduct all your job educational expenses …
Legal Fees are sometimes tax deductible, but since laws are complicated and difficult to comprehend, it is important to deduct correctly to avoid an audit. Deduct your business-related legal costs as a business expense. If self-employed, deduct your legal costs on Schedule C, including attorney fees …
Job Search Expenses in your present occupation may be deducted as unreimbursed employee expenses if you itemize deductions using Schedule A. Your total of miscellaneous itemized deductions on Schedule A, which include job search expenses are subject to a deductible of 2% …