January 7th, 2021
The Consolidated Appropriations Act, 2021 has made business meals 100% deductible until January 1, 2023. Entertainment is not deductible.
Special $300 Tax Deduction for Charitable Donations
November 25th, 2020
Most taxpayers take the standard deduction each year. This means that most taxpayers do not itemize their deductions, such as charitable donations. The CARES act allows a standard deduction taxpayer to deduct $300 as an “above-the-line”...