Hey — I have until October 15, right? I just file that handy-dandy extension while I get my paperwork in order, build up my stash of cash and then file and pay in the fall. No worries, right? Not exactly. If you are getting a refund, you can enjoy the procrastination and the government holding
+ Read More
I get asked this a lot. Actually, yes — as long it is doctor-prescribed. (The lodging is on your own.) Clarinet lessons — Deductible “if advised by dentist for treatment of tooth defects”. (But tooth whitening to reverse discoloration — nope, this is cosmetic.) Wigs — Yes, “if doctor has advised as essential to mental
+ Read More
YOUR FAQ: Can I deduct volunteer time as a charitable expense? No. Charitable contributions must be tangible and measurable — money, securities, art, real estate. You can deduct mileage and unreimbursed expenses under some circumstances. Read more here: Okay, I build boats for a living and this guy named Gilligan jumped ship and stiffed me.
+ Read More
Did you know that there are tax credits for Junior’s video immersion day camp and Hilda’s after-school Sanskrit lessons until they turn 13 years young? The “Child and Dependent Care Credit” is available for those activities as well as for preschool and babysitting services. You can save up to $2,100 per year on $6,000 of
+ Read More
© 2024 Aaronson Lavoie Streitfeld Diaz
