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What Business Expenses Can Taxpayers Deduct?
To take a deduction, taxpayers must itemize and what they make determines how much of a deduction they can take. The first two percent of income is not subject to a deduction. So, if a taxpayer makes $50,000, he must have over $1,000 in business expenses to benefit.
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What Business Expenses Can Taxpayers Deduct?
To take a deduction, taxpayers must itemize and what they make determines how much of a deduction they can take. The first two percent of income is not subject to a deduction. So, if a taxpayer makes $50,000, he must have over $1,000 in business expenses to benefit.
Date: 3/15/11
Views: 396
 
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