Tag Archives: supplies
As a hair stylist, your employer is required to supply you with a Form W-2, Wage and Tax Statement. You may also receive additional income in the form of tips, which will be reported with your regular income in Box 1. You don’t have to report tips less than $20 each month to your employer, […]
— Read moreIf you required additional training, or attended seminars for your work, you may be able to deduct any expenses you paid throughout the tax year when you file your return. These expenses have to have been incurred in order to maintain or improve your skills and performance at your job, or is required by law […]
— Read morePeople often consider three big deduction when they think of itemizing: home mortgage interest, state and local income taxes, and charitable donations. Though, there are many additional deductions aside from the three common ones. These deductions are typically considered “miscellaneous itemized deductions” and are able to be claimed if they are more than 2% of […]
— Read moreIt’s that time to start considering your tax deductions. If you own a real estate business, just about everything you purchase can be a tax deduction, provided it is necessary to the business and the cost is reasonable. Deductions are a great way to save your business some hard earned profits. A $900 computer purchased […]
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