Day: January 6, 2021

How Much Do Charitable Donations Really Matter For Taxes

what business expenses can I deduct from my taxes?

Business tax deductions can have a significant impact on the amount of taxes you owe but there are a few compliance rules you must follow. According to the IRS, expenses must be “ordinary and necessary” for your trade. Luckily, the IRS considers many expense categories ordinary and necessary, let’s break them down.    What types …

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