Tag: tax deductions

SR Client Question: Can I deduct my medical and dental expenses?

If you paid for medical or dental expenses last year, you may be able to get a tax deduction for costs not covered by insurance. However, there are seven facts you should know about claiming the medical and dental expense...

Reminder: Do Not Forget the Health Insurance Deduction if You Are Self-Employed

If you are self-employed, there are still deductions for medical, dental or long-term care insurance premiums that are paid for themselves, their spouse and their dependents. The insurance can also cover your child who was under age 27 at the...

SR Client Question: Can I deduct 100% of meals and entertainment expenses?

Businesses, including sole proprietors, are normally allowed to deduct only 50% of their meal and entertainment expenses. The reason is because the IRS believes that taxpayers benefit personally from the amount of meal and entertainment expenses they claim as deductions,...