Tax Deductions

Taxpayers are always asking their CPA what they can deduct to save on taxes. Some deductions seem pretty straight forward (home mortgage interest, charitable contributions, etc.). Others are much grayer and depend on particular facts and circumstances. What Counts as a Medical Expense? One tax deduction that may be available is for medical expenses. The […]

As we get closer to another tax return filing season here is a reminder of the documentation and substantiation requirements for a few common deductions. Charitable Contributions No deduction for cash donations is allowed unless you have bank records (canceled check or bank statement) or written acknowledgment from the charity documenting the contribution’s amount and […]