What Can I Deduct on My Taxes?
Tax Day (April 15) is coming up soon! We can't stress enough, if you haven't already, get your taxes done now or as soon as possible. Our tax accountants in Mid-Missouri are here to give you a few examples of things you can deduct on your taxes. It is so important that you know all that you can deduct because often people can miss out simply because they weren't aware. Our accountants in Central Missouri are here to help you. Call Wilson Toellner today if you want your taxes done and out of the way so you don't have to worry about them anymore. We have four different locations throughout Mid-Missouri, so call the location nearest to you. All of our locations and phone numbers can be found on our website at www.WTCPA.com.
Childcare Costs While at Work
Did you know if you are having your child cared for by someone else while you are at work, in some cases you can deduct some of those costs? You may be able to deduct up to 20-35% of those costs, but the point here is, ask your Mid-Missouri accountant about it.
Contributions You Have Made to Your Health Savings Account
If you have a high deductible on your health insurance and have chosen to have health savings account to help with your medical expenses, you may be able to deduct some of those contributions.
Some Interest Paid On Student Loans
You may be able to deduct up to $2500 in student loan interest paid in some cases, however, the amount may vary. This is definitely worth bringing up to your accountant the next time you are in.
Moving Costs for Your First Job
Did you know if you move up to 50 miles or more to take the first job, that you can deduct your moving costs? This is great for recent college graduates or someone who just graduated high school and decided to move for a job.
Home Office Costs
Home-based businesses are so popular right now. Small business owners are finding it easier to operate out of their homes rather than purchasing or renting a commercial space. If you are using your home to store inventory, meet with clients, or as a daycare facility, you may be able to deduct some of those home costs.
We have said it before and we will say it again, tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced Central Missouri accountants can develop tax strategies that take advantage of new tax laws and legislation. The experience and academic credentials of our partners and staff provide you with the expertise of larger firms. Our commitment to superior customer service offers a personal, one-on-one approach that has proven to do well with our clients. For your tax consultation, give us a call today.
What Can I Deduct on My Taxes?
Childcare Costs While at Work
Did you know if you are having your child cared for by someone else while you are at work, in some cases you can deduct some of those costs? You may be able to deduct up to 20-35% of those costs, but the point here is, ask your Mid-Missouri accountant about it.
Contributions You Have Made to Your Health Savings Account
If you have a high deductible on your health insurance and have chosen to have health savings account to help with your medical expenses, you may be able to deduct some of those contributions.
Some Interest Paid On Student Loans
You may be able to deduct up to $2500 in student loan interest paid in some cases, however, the amount may vary. This is definitely worth bringing up to your accountant the next time you are in.
Moving Costs for Your First Job
Did you know if you move up to 50 miles or more to take the first job, that you can deduct your moving costs? This is great for recent college graduates or someone who just graduated high school and decided to move for a job.
Home Office Costs
Home-based businesses are so popular right now. Small business owners are finding it easier to operate out of their homes rather than purchasing or renting a commercial space. If you are using your home to store inventory, meet with clients, or as a daycare facility, you may be able to deduct some of those home costs.
Get Your Deductions Right With Wilson Toellner CPA
We have said it before and we will say it again, tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced Central Missouri accountants can develop tax strategies that take advantage of new tax laws and legislation. The experience and academic credentials of our partners and staff provide you with the expertise of larger firms. Our commitment to superior customer service offers a personal, one-on-one approach that has proven to do well with our clients. For your tax consultation, give us a call today.
Our Success Stems From Your Success
For tax preparation services you can count on, call:
Sedalia -- (660) 827-4990
Marshall -- (660) 886-6815
Camdenton -- (573) 346-6822
Lake Ozark -- (573) 964-5739
Check out our website: www.WTCPA.com
Follow us on:
