Here is an article on Rental Property tax deductions. The Nerdwallet article focuses on the 5 Big Rental Property deductions. The five big deductions are mortgage interest, depreciation, property taxes, repairs, and other expenses. If you know anyone with rental properties, please feel free to forward the article as the information could benefit them. If […]
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Here is an article from Nerdwallet on tax deductions you can take when self-employed in 2023. I chose this article because I get a lot of questions throughout the season about the types of deductions that can be taken as a self-employed individual. One of the biggest areas that self-employed people overlook is the retirement
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Here is an article on Tax Brackets and Federal Tax Rates for the 2022 tax season. The Nerdwallet article focuses on the tax rates for 2022 and also, the current changes for 2023. There are seven federal tax brackets for the 2022 and 2023 tax years. Being “in” a tax bracket doesn’t mean you pay
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This Inside Indiana Business article explains the 529 plan that is available for Indiana only. The credit is up to $1,000 dollars in 2022 and increases up to $1,500 in 2023. Bob Donica Source: Inside Indiana Business | Repost RE Donica & Associates 2/2/2023 – Indiana’s CollegeChoice 529 plan is a fantastic way to save
Indiana 529 Plan: 5 Common Questions Read More »
This article from Nerdwallet focuses on education tax credits and deductions you can take on your federal taxes. Bob Donica Source: Nerdwallet | Repost RE Donica & Associates 2/2/2023 – If you paid for college in the last year, you may be able to claim the American opportunity credit or lifetime learning credit, or the the
Education Tax Credits and Deductions You Can Claim for 2022 Read More »
