Individual and Corporate Tax Preparation | Accounting Services | Coral Springs, Fl | 954-828-2373
Prescriptions | Medicine | Insulin may be deducted on your income tax return for you, your spouse, and your dependents if you are able to itemize deductions. You can only deduct the amount by which your total medical care expenses for the …
Second Home Taxes Second Home Real Estate Taxes and real estate taxes on all your personal homes may be deducted on your income tax return if you are able to itemize deductions on Schedule A. You should receive Form 1099s from …
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 …
Mortgage Refinance | Mortgage Points | Closing Costs may be deducted on your income tax return if you itemize deductions on Schedule A. If you refinance your home mortgage, you will be able to deduct all the mortgage interest during the year–from the …
Mortgage Refinance | Mortgage Points | Closing Costs Read more »
Capital Gains Tax Capital gains and capital losses are reported on Form 1040 Schedule D. Capital gains tax rates and capital losses occur when you sell an investment or capital asset such as stocks, bonds, buildings, land, or other real estate …
Hospital Care | Surgery may be deducted on your income tax return for you, your spouse, and your dependents if you are able to itemize deductions. You may only deduct the amount by which your total medical care expenses for the …
Real Estate Property Tax Deduction Real estate taxes, sometimes known as real estate property taxes, may be deducted on your federal income tax return if you itemize deductions. Deductible real estate taxes are generally all state, local, or foreign taxes on …
Personal property taxes may be deducted on your federal income tax return if you itemize deductions. Deductible personal property taxes are based on the value of personal property, such as boats, cars, or other tangible personal property. The personal property tax …
Sales Taxes may be deducted on your federal income tax return if you itemize deductions. Actually, you may deduct the greater of your state income taxes or your sales tax paid, but not both. The sales tax deduction is only available for …
State Tax Deduction State Income Taxes Deduction may be deducted on your federal income tax return if you itemize deductions. Actually, you may deduct the greater of your state income taxes or your sales tax paid, but not both. Seven states …