Tips for deducting losses from a disaster, fire or theft If you suffer damage to your home or personal property, you may be able to deduct these “casualty” losses on your federal income tax return. A...
Tax credits reduce tax liability dollar-for-dollar, making them particularly valuable. Two valuable credits are especially for small businesses that offer certain employee benefits. Can you claim one...
When it comes to deducting charitable gifts, all donations are not created equal. As you file your 2015 return and plan your charitable giving for 2016, it’s important to keep in mind the available...
Today it’s becoming more common to work from home. But just because you have a home office space doesn’t mean you can deduct expenses associated with it.
Brown Edwards is proud to be included in the top 10 firms in the country in the number of Certified Construction Industry Financial Professional (CCIFP) certifications on staff. As demonstrated...
If you’re like many Americans, you may not start thinking about filing your tax return until the April 15 deadline (this year, April 18) is just a few weeks – or perhaps even just a few days – away....
By purchasing stock in certain small businesses, you can not only diversify your portfolio but also enjoy preferential tax treatment. And under a provision of the tax extenders act signed into law...
The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) extended a wide variety of tax breaks, in some cases making them permanent. Extended breaks include many tax credits – which are...
Many valuable tax breaks expired December 31, 2014. For them to be available for 2015, Congress had to pass legislation extending them – which it now has done, with the Protecting Americans from Tax...
The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2015 tax liability – you just must act by December 31: