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Tag Archives: Itemized deduction
Year End Planning Tip
During December, you should evaluate whether you’ll save any taxes by postponing 2013 income or deductions into 2014 or by accelerating 2014 income or deductions into 2013. While many factors should be evaluated prior to making your final decision, a … Continue reading
Checklist to Cut your 2013 Tax Bill
It’s not too late to cut your 2013 tax bill. Prior to Dec. 31st: Increase your 401(k) and 403(b) contributions if you haven’t been contributing at the maximum rate all year. This year you can put away up to $17,500 … Continue reading
Renting Your Vacation Home?
A vacation home can be a house, apartment, condominium, mobile home or boat. If you own a vacation home that you rent to others, you generally must report the rental income on your federal income tax return. But you may … Continue reading
Tax Tips for Newlyweds
From IRS Tax Tips: Late spring and early summer are popular times for weddings. Whatever the season, a change in your marital status can affect your taxes. Here are several tips from the IRS for newlyweds. It’s important that the … Continue reading
Posted in Planning, Taxes
Tagged Andrew Schwartz, Internal Revenue Service, IRS tax forms, Itemized deduction, newlyweds, Schwartz & Schwartz, schwartz & schwartz cpas, Social Security Administration, Social Security number, Tax return (United States), tax tips, Tax Withholding, United States Postal Service
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THE NEW AMERICAN TAXPAYER RELIEF ACT – PART 2
By Michael Bohigian, EA In part 1 of this series, we looked at the income side of the American Taxpayer Relief Act of 2012. We’ll wrap up with Deductions and some tax-savings tips. What’s Being Deducted From Your Deductions Please, … Continue reading
IRS: Job Search Expenses Can Be Tax Deductible
Many healthcare professionals work based on the Academic Calendar. That means that a lot of Doctors switch jobs over the summer. According to our friends at the IRS in their IRS Summertime Tax Tip 2012-06: Summertime is the season that … Continue reading
Questions about Deducting Mileage?
Hear Andrew’s “Ask the Expert” reply on Quantia MD”s website: https://secure.quantiamd.com/player/vndpxprm?cid=1401&partner=ssa&m=011912_103225_ssa
Posted in Deductions, Planning, Quantia MD, Taxes
Tagged Andrew Schwartz, Expense, Itemized deduction, Mile, Mileage, Tax deduction
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Schwartz and Schwartz, CPAs News 
NEW YEAR’S RESOLUTIONS – PT 1
There might be a lot of uncertainty surrounding the tax rules these days. Don’t use that uncertainty as an excuse to avoid trying to improve your personal finances. What better time to make some resolutions for 2013 than New Year’s … Continue reading →