by Danielle K. Robinson CPA | Dec 21, 2021 | #TaxTipThursday
We are switching it up and giving Tax Tips on a Tuesday! For those that dabble in trading Virtual Currency aka Bitcoin, Ethereum, Dogecoin, Luna, etc. this one is for you. With the recent volatility in the market, you can deduct a maximum of $1,500 ($3,000 for Married...
by Danielle K. Robinson CPA | Dec 9, 2021 | #TaxTipThursday
It’s the Season of Giving! And what better way to get into the Holiday Spirit than by giving a cash contribution to your favorite charitable organization. Not only are you supporting their mission but you’ll be able to deduct the amount on your tax return....
by Danielle K. Robinson CPA | Nov 18, 2021 | #TaxTipThursday
Calling all Dreamers, Jack of all Trades, and Entrepreneurs! Turn whatever you love to do into a legit business. A Business is defined by the IRS as an “activity carried on for a livelihood or in good faith to make a profit.” And with that, you can deduct...
by Danielle K. Robinson CPA | Nov 11, 2021 | #TaxTipThursday
In the words of my favorite movie character, Randy Watson from Coming to America, “I believe the Children are our Future. Teach them Well and Let them Lead the Way”. You can start saving for your children’s (or your favorite young relative’s)...
by Danielle K. Robinson CPA | Nov 4, 2021 | #TaxTipThursday
For taxpayers covered by an Employer Sponsored 401(K) Plan: Did you know adding to your 401(K) from your take home pay lowers your taxable income? So you pay less tax! The max 401(K) contribution for 2021 is $19,500 ($26,000 for 50 and older). There’s an added...
