Category: Tax Filings

  • Are Jobs required?

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    We can’t say that jobs are required information for the purposes of justifying the inclusion of an expense in your tax reporting. You should, however, cleave to the notion that expenses which do not include a category will be summarized in Schedule C under Cost of Goods Sold, regardless of whether you list a particular…

  • Vehicle Expense

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    A lot of people will discover that tracking and deducting mileage offers a better deal for them vs. tracking vehicle expenses. This deduction allowance is 67 ¢ per mile for 2024. Conversely, tracking vehicle expenses may include vehicle depreciation, maintenance expense, insurance, tolls and parking, and fuel. Many people find often that it is simpler…