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Abe Answers: Moving Across State Lines

By |2021-04-02T11:01:37-05:00April 2nd, 2021|Categories: Transportation|

Hi Abe! My family and I are moving across state lines this year? What changes could this mean to my taxes as a self-employed person? Abe: Great question! This can impact your taxes in a couple of ways. First, you will want to notify your preparer which state you are moving to and provide them with [...]

Home Office Deductions

By |2021-04-02T10:46:58-05:00April 2nd, 2021|Categories: Transportation|

Self-employed individuals can use a portion of their home in order to conduct business as a home office. Whether you rent or own your home, both are eligible to claim a home office. The IRS defines a home office using these two requirements: The home office must have a regular and exclusive use for your business [...]

Community Property States 

By |2021-04-02T10:53:40-05:00April 2nd, 2021|Categories: Transportation|

Community property laws affect how you figure your income on your federal income tax return if you are married, live in a community property state or country, and file separate returns. If you are married, your tax usually will be less if you file married filing jointly than if you file married filing separately. However, sometimes [...]

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