We’ve moved offices to 7799 Leesburg Pike, Suite 1150N.
There are many tax benefits built into home ownership. Here is a review of the most common. The home gain exclusion. When you sell an asset for a profit, it...
2023 is going to be a bit different than the last few years. There are two changes business owners should be aware of when it comes to allowable deductions for...
The federal tax law allows certain items to be deducted above-the-line to arrive at adjusted gross income (AGI). These deductions are now noted in Schedule 1 of the new form...
Mileage Type 2023 2022 Business miles 65.5¢ per mile 58.5¢/62.5¢ per mile Medical and moving miles* 16¢ per mile 18¢/22¢ per mile Charitable miles 14¢ per mile 14¢ per...
Standard Deduction The standard deduction increases by $1,500 for a married taxpayer aged 65 or older or blind ($3,000 if both 65 and blind); by $1,850 for a single taxpayer...
Question: Can I itemize my deductions this year? Answer: If you have enough personal expenses, you may save income taxes if you itemize your deductions. Compare your itemized deductions with...
Are you planning to use your vacation home soon? If you’re not going to use it, have you considered renting it? Or are you thinking of buying a vacation home?...
There is a simplified way to take a home office expense for a portion of your home. This ‘safe-harbor’ option greatly simplifies how to record valid expenses for business use...
Please use the form to contact us regarding your questions and tax issues. Please do not send confidential information using this form.