Tax Deductions Dentists Should Not Miss

tax benefits for dentistsRunning a dental practice takes a lot of time and effort, but it also takes money. Fortunately, there are tax benefits for dentists that help to offset these costs.

The IRS offers several tax benefits for dentists, some of which are typical business deductions and others that […]

Understanding Taxes on Qualified & Non-Qualified Stock Options

taxes on stock optionsStock options are a popular way to compensate employees or retain employees in lieu of cash.  A stock option is a benefit given to an employee whereby the employee can purchase certain number of shares of their company’s stock in a certain time frame at an established price. Stock options […]

September 22nd, 2011|Tax Deductions, Tax Tips|1 Comment

Job Seeking Tax Deductions: Which Expenses are Tax-Deductible?

Tax-Deductible Job Search ExpensesIf you are currently looking for a new job in the same field or industry in which you are currently or were recently employed, some of your job search expenses may be tax-deductible.

Additionally, if you need to re-locate for a new job, promotion or other work-related reason, your moving expenses […]

Is My Student Loan Interest Tax Deductible?

student loan tax deductionIf you are currently paying back student loans do you know that you may qualify for an “above the line” tax deduction on the interest that you pay? An “above the line” tax deduction means that you can take the deduction whether you itemize or not. […]

The Home Office Tax Deduction: What You Need to Know

home office tax deductionFor those of us who work from home – either for someone else or in our own small business – the home office deduction is a valuable tax break that can save you hundreds of dollars and help defray the upkeep costs of your […]