- Is Interest Paid on Borrowed Money Tax Deductible?
- If you borrow money will the interest you pay be deductible for income tax purposes? The answer to that question can be complicated, and unfortunately, not all the interest an individual pays is tax-deductible. The rules for deducting interest vary, and essentially depend on what the loan proceeds are used for: personal items, investment, home mortgage, business activities or higher-education.
- Is there a Tax Break for Tuition Paid to Special Schools?
- A component of itemized deductions is the cost of medical care. The total of eligible medical expenses paid during the tax year is reduced by 7.5% of the taxpayer’s adjusted gross income (AGI).
- How to Automate Email Reminders for Overdue Customers
- One way to keep your company’s cash flow positive is by sending email reminders to overdue customers. QuickBooks Online can automate this.
- What’s Next for the Child Tax Credit?
- If your family received advance child tax credit funds, you are not alone in wondering what will come next from Congress for 2022. Learn more.
- Video Tips: Tax Break for Special Education Tuitions and Expenses
- Tuitions and expenses for a special education can also be counted as a medical expense tax deduction. Watch this video for details.
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