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Tax Tips Small Business
| Clothing for Your Job is Not Always Deductible |
| Understanding the rules Many taxpayers are required to maintain a certain personal appearance or wear special clothing for work. However, not all your purchases for work-related attire or personal grooming reap a tax deduction. If you are required to wear a uniform or other special clothing that has the name of your employer or some other logo on it, that cost is deductible as a miscellaneous employee business deduction. |
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Small Business Quick Tip
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Saturday, 04 September 2010
Tax Tips Personal
| HSA Funding Options |
For a limited time only, there are more options Health Savings Accounts (HSAs) are a great tax vehicle for making the most of your medical expenses. However, it's not always easy to come up with the money to fund an HSA. Well, now there are more options available to HSA owners. At any time before 2012, you can make a one-time only tax-free rollover from an IRA to an HSA. This rollover amount may not be more than your HSA maximum contribution for your type of coverage, whether individual or family. |
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Personal Quick Tip
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