3 Ways To Deduct

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Posted on March 04, 2019 at 04:17 AM

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You Can Save This Videos 11 Surprising Tax Deductions You Should Be Using!

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SIMPLE IRA Plan FAQs Contributions | Internal Revenue Service
SIMPLE IRA Plan FAQs - Contributions. How much may an employee defer under a SIMPLE IRA plan? An employee may defer up to $13,000 in 2019 ($12,500 in 2016 - 2018, subject to cost-of-living adjustments for later years). Employees age 50 or over can make a catch-up contribution of up to $3,000 in 2016 - 2019 (subject to cost-of-living adjustments for later years).
Tax Write-Offs For Pet Owners | Bankrate.com
However, the Internal Revenue Code does allow a few instances where you can write off some pet costs. When you put a pet to work, you may be able to deduct business expenses.
The Definitive Guide to Common Business Deductions
Overview. You may deduct the interest and fees associated with any business bank accounts, credit cards or loans. Criteria. Ordinary and necessary: An expense is ordinary if it's common to your profession. A necessary expense is one that's appropriate or helpful in developing or maintaining your business.

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