Are Homeowner Association Dues Deductible?
In general, there is no Schedule A deduction for homeowner association (HOA) dues. Whether any part of HOA dues can be a deductible expe...
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The Tax Professionals Blog · 446 articles
Retired Public Safety Officer Insurance Exclusion
Eligible retired public safety officers (PSOs) may elect to exclude governmental retirement plan distributions that don't exceed their h...
Read morePreserving Capital Loss Carryovers
The question frequently arises whether or not an individual must file a return, even if not otherwise required to file, in order to prese...
Read moreDon’t Overlook Medical Dependents
Medical expenses paid for dependents may be deducted by a taxpayer. To claim these expenses, the person must have been a dependent (quali...
Read moreHow to handle multiple 401(k) accounts during tax time
It is not uncommon for individuals to have multiple employers, each with a 401(k) plan. This can possibly create a situation where the e...
Read moreBusiness Deductions: Credit Card Mixed Interest
When it comes to credit card debt where a portion of the debt is for personal purchases and part for business, can any part of the intere...
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