Higher mileage rate may mean larger tax deductions for business miles in 2019

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5 cents, to the highest level since 2008. As a result, you might be able to claim a [...]

By |2019-01-15T17:39:21-04:00January 14th, 2019|Categories: Blog, Tax|Tags: , |0 Comments

Do You Qualify for the Home Office Deduction?

Under the Tax Cuts and Jobs Act, employees can no longer claim the home office deduction. If, however, you run a business from your home or are otherwise self-employed and use part of your home for business purposes, the [...]

By |2019-03-11T20:45:36-04:00July 30th, 2018|Categories: Blog, Tax|Tags: , , |0 Comments