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A common mistake! Your tax preparer should always encourage you to correct your withholdings...this can significantly increase your refund #taxtiptuesday #cartercapital #5042395583 #taxes #taxprep #nolataxes #alabamataxes #alaskataxes #arizonataxes #arkansastaxes #taxoffice #taxpros #taxprofessional #Californiataxes #Coloradotaxes #connecticuttaxes #Delawaretaxes #Floridataxes #georgiataxes #hawaiitaxes #idahotaxes #illinoistaxes #indianataxes #iowataxes #kansastaxes #kentuckytaxes #louisianataxes #mainetaxes #marylandtaxes #massachusettstaxes #michigantaxes #minnesotataxes #mississippitaxes #missouritaxes #montanataxes #nebraskataxes #nevadataxes #newhampshiretaxes #newjerseytaxes #newmexicotaxes #newyorktaxes #northcarolinataxes #ohiotaxes #oklahomataxes #oregontaxes #pennsylvaniataxes #rhodeislandtaxes #southcarolina #southdakota #tennesseetaxes #utahtaxes #vermonttaxes #virginiataxes #washingtontaxes #westvirginiataxes #wisconsintaxes #wyomingtaxes #efiling #digitalreturns #comeonin #appointmentsavailable #all50states #taxtips #taxpin #taxreturn #incometax #taxpreparer #taxseason #refundcheck https://www.instagram.com/p/BsrzkG7lyKm/?utm_source=ig_tumblr_share&igshid=wn3vvcq3pecy

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ALL ARTISTS follow and support my friend @esohegalbreath and her business >> @sohesolutions Are you taking advantage of dedicated studio or home office space as a tax deduction? This week's #TaxTipTuesday explains a little bit more. #TaxPrep #TaxTips Girl power, black girl power, black power.... Excuse me what is it that you said that us girls can't do again? #internationalwomensday #female #queening👑 #women #womenpower #womenbosses

#taxtiptuesday #internationalwomensday #female #taxprep #womenbosses #queening👑#taxtips #women #womenpower

Automobile Deductions

Did you know there are two ways to calculate auto expenses for a possible deduction?

Standard Mileage Rate

OR

Actual Expenses: Cost of gas, oil, repairs, maintenance, tires, insurance, washing, licenses & depreciation, or lease payments

Here are some of the possible automobile-related deductions that could lower your taxable income:

Business: 54 cents per mile

Commuting mileage between jobs for the same business (location to location). This does not include commuting from home to work.

Commuting mileage between temporary assignments (lasting a few days or weeks)

Self-employed workers

Medical: 19 cents per mile

Trips to the medical doctor

Trips to the dentist

Trips to the hospital

Parking fees and tolls included for medical visits

Can only use gas and oil expenses if you choose to deduct by actual expense costs

Charitable: 14 cents per mile

Mileage to and from volunteer work or charitable services for a recognized organization

Can only use gas and oil expenses if you choose to deduct by actual expense costs

Moving: 19 cents per mile

IRS qualified moves (please see IRS website for details)

Can only use gas and oil expenses if you choose to deduct by actual expense costs

This information does not belong to Capital Tax & Accounting, but was resourced from the National Association of Tax Professionals and the IRS website.

#taxtiptuesday #charity #automotive #taxes #tax deductions

It's #taxtiptuesday again! Check out http://bit.ly/1z9sBaM for more information!

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A tax tip about tips. (say that 3 times fast). #taxtiptuesday

#taxtiptuesday #federal taxes #taxes #1040.com #1040dotcom

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