Tag Archives : CPA
Tax Summary for Completing Your 2011 Tax Returns
Bush tax cuts extended: The Bush tax cuts were scheduled to expire at the end of 2010 and are now extended through 2012. The 25%, 28%, 33% and 35% brackets will continue; the 15% rate for long-term capital gains and qualified dividends for those in the 25% or higher tax brackets are also extended through 2012, as is the 0% rate for these types of [...]
The home-office deduction: What you need to know
Minding the details
If you’re self-employed, the home-office deduction,
plus all your other deductible business expenses, can’t exceed your business income for the year. Any excess of expenses over income, however, can be applied in future years against self-employment income.
If you’re not self-employed but work from home for an employer [...]
