Recordkeeping may not be glamorous, but it’s one of the most powerful tools to protect your business and maximize tax benefits.
deductions
Your Weekly Read
New individual income tax deduction for car loan interest
Buying a new car? You may have heard there’s “no tax on car loan interest” anymore. Here’s how the new tax deduction works.
What the new tax law could mean for you
President Trump signed the One, Big, Beautiful Bill Act into law on July 4. Favorable changes may affect you and your family.
What individuals should know about The One, Big, Beautiful Bill
Curious how The One, Big, Beautiful Bill could affect taxes for you and your family? Here are seven key tax breaks in the bill
Can I itemize deductions on my tax return?
Not sure if you will itemize deductions in 2024? Here is how to know if you will itemize or take the standard deduction.
Can homeowners deduct seller-paid mortgage points?
When you buy a house, can you deduct seller-paid points on your tax return? Here are the rules.
Is your home office tax deductible? Here are the rules
While many people work from home, not everyone qualifies for home office deductions. Here are the rules for eligibility.
TCJA and the possible future tax landscape for businesses
The tax landscape for businesses may change significantly in the near future. That’s because provisions in the Tax Cuts and Jobs Act (TCJA) are scheduled to expire and the November elections will be decided. Here are some possible outcomes.
What might be ahead due to expiring tax provisions?
What’s on the tax horizon as many Tax Cuts and Jobs Act provisions get closer to their scheduled expiration date? Here are four possible scenarios.
You may be entitled to tax breaks if caring for an elderly relative
If you’re caring for an elderly relative, you may be entitled to some tax breaks. Here are four of them.
Filing jointly or separately as a married couple: What’s the difference?
Is it better for a married couple to file a joint tax return or file separately? It depends. Here’s a look at the issue.
How to claim a medical expense tax deduction
Out-of-pocket medical expenses can cost you a bundle. Can you deduct these expenses on your tax return? The requirements and limits may make it difficult. Here are the rules.
Read something interesting? Want more information? Give us a call, and we will be happy to assist you in any way we can.
144 W 2nd St
Washington, NC 27889
Washington, NC 27889
Business Hours:
Monday-Thursday
8:00 AM - 5:00 PM
Friday
8:00 AM - 12:00 PM
Saturday-Sunday
Closed