Tax Implications of Summer Work – IRS Tax Tip

Tax Implications of Summer Work – IRS Tax Tip

With summer almost here, many students will turn their attention to making money from a summer job. Whether it’s flipping burgers or filing documents, the IRS wants student workers to know some facts about their summer jobs and taxes. Not all the money they earn will...
The TCJA’s Impact on Home Office Deductions

The TCJA’s Impact on Home Office Deductions

The Tax Cuts and Jobs Act suspended miscellaneous itemized deductions, including the deduction for unreimbursed employee business expenses (expenses ordinary and necessary to your profession, but not reimbursed by your employer). Under the old law, some employees who...
Can you deduct home office expenses?

Can you deduct home office expenses?

Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. And for 2018, even fewer taxpayers will be eligible for a home office deduction. Changes under the TCJA For employees, home...