© 2023 by Mary B. Riley. Created by Sterling Fooshee

May 23, 2017

If you drive your car for business purposes, the costs of operating and maintaining your vehicle are potentially deductible. Here are some guidelines.

Two Methods

The IRS provides two basic methods for computing deductions for the business use of an automobile.

Actual exp...

February 28, 2017

Coordinating College Tax Breaks

The American Opportunity Tax Credit (AOTC) can be a valuable tax credit for students (and their parents) who have paid college expenses. However, to make the best use of the AOTC, eligible taxpayers may need to coordinate the credit with...

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