Whether you are an individual, investor or business owner, there are many available tax deductions for you. Some of them can save you a substantial amount of money. Stop overlooking them. Print the below list out and contact us to see which applies to you
For Individuals:
Roth IRA
Rollover to Roth IRA
Tax-deductible IRA
Child tax credit
Income shifting to children
Child care credit
Earned income credit
Lifetime gifts
Education savings accounts
Education expenses
Hope scholarship credit
Lifetime learning credit
Bunching deductions
Flexible spending accounts
Health savings account
Donating appreciated assets instead of cash
Qualifying property for personal residence gain exclusion
Best filing status
Shifting income or deductions from year to year
Adoption expense credit
For Investors:
Tax-free municipal bonds
Long-term capital gains and dividends
Rental property
Tax-free exchange
Low-income housing credit
Small business stock rollover
For Businesses:
Home office deduction
Keogh plan
SIMPLE plan
SEP
401(k) plan
First year expensing of business equipment
Bonus depreciation
Year-end bonuses
Bad debt write-off
Disabled access credit
Other business tax credits
Tax-free exchange
430 S. GARFIELD AVE SUITE 325 ALHAMBRA, CA91801 ph: 626-452-1149 fax: 626-452-1156 info@dnwcpa.com