BHT&D Certified Public Accountants Blog

Are You Prepared For The Income Tax Changes In 2018 and Beyond?

Posted by Joe Turnes on Fri, Nov 02, 2018 @ 12:00 PM

Tax reform has changed the way most taxpayers need to think about and plan for their taxes. It is no longer business as usual. Advanced planning will become very important long before tax time next year.

For most taxpayers, the most significant change is the increase in their standard deduction, which on the surface seems like a big benefit. But, don’t overlook the fact that the same tax reform that nearly doubled the standard deduction took away the personal exemption as a deduction.

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Tags: Itemizing Deductions, Tax Planning, Tax Deductions, Tax Deductible Travel Expenses, Business Tax, Individual Tax, TCJA

Will Itemizing On My Tax Return Give Me A Larger Deduction?

Posted by Andrew Seiler on Thu, Dec 18, 2014 @ 09:00 AM

Questions about itemized deductions are common with taxpayers. During the preparation of personal tax returns, I often receive one or both of two common questions:

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Tags: Automobile Expense Tax Deductions, Itemizing Deductions, Individual Tax Return, Tax Planning, Tax Deductions, Home Office Tax Deduction, Tax Deductible Travel Expenses, Donation to Charity, Minimize Taxes

Are My Travel Expenses Tax Deductible If Family Members Are With Me?

Posted by Steven Thompson on Tue, Jul 16, 2013 @ 10:15 AM

Often, we hear the question, "Can I deduct travel expenses if family members accompany me on a business trip?" This article gives some general guidelines to help you answer that question.

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Tags: Tax Deductions, Tax Deductible Travel Expenses