Deductions
Are you taking advantage of all the deductions that you are legally entitled to?
Deductions for Individuals
Here are just a few of the important deductions available to individual taxpayers:
- Contributions to an IRA or qualified retirement plan
- Moving expenses
- Student loan interest
- Home mortgage interest
- Property taxes
- Auto registration fees
- Donations to qualified charitable organizations
- Investment expenses
- Employee business expenses
Deductions for Businesses
- Travel
- Entertainment
- Auto expenses
- Business use of the home
- Depreciation
- Domestic production activities deduction
Visit the Resources Page for more information.
CIRCULAR 230 DISCLAIMER: To ensure compliance with requirements imposed by the IRS, we inform you that to the extent this communication contains advice relating to a Federal tax issue, it is not intended or written to be used, and it may not be used, for (i) the purpose of avoiding any penalties that may be imposed on you or any other person or entity under the Internal Revenue Code or (ii) promoting or marketing to another party any transaction or matter addressed herein.