The summer season is a highly favored time for travel and experiencing enjoyable moments under the sun. If you’re a U.S. citizen who travels for business or work-related reasons, you may be able to offset a portion of summer travel expenses on your tax return, while simultaneously enjoying your vacation. In order to make the most of opportunities for advantageous tax deductions, a certain degree of planning and following proper procedures is required. Read on for more information about summer travel write-offs. Are you eligible for a tax deduction?
Posted by: Charles P Myrick CPA
Posted on: Mar 14 2017
According to the American Institute of CPA’s, taxpayers will find new reporting requirements when they file their 2014 returns. As a result of the Affordable Care Act, otherwise known as Obama Care, taxpayers will have to collect new records and learn to use new forms and instructions. In some cases, your tax refund may be affected.