Accounting: 847.741.5053
IT/Computer Services: 847.962.2264
Fax: 847.741.5053
PO Box 1295
St. Charles, IL 60174
Accounting: 847.741.5053
IT/Computer Services: 847.962.2264
Fax: 847.741.5053
PO Box 1295
St. Charles, IL 60174
Our accounting services are provided by a licensed CPA. With over thirty years experience in the accounting field RKS can help you whether you are just starting out in business or if you need consulting with your present company or organization. Accounting can be reached at kathy@rksent.com. Call 847.741.5053 today, tell us that you saw our web site and get 10% off your tax preparation.
If you itemize deductions on your tax return, you may be able to deduct certain miscellaneous expenses. You may benefit from this because a tax deduction normally reduces your federal income tax.
Here are some things you should know about miscellaneous deductions:
You can deduct most miscellaneous expenses only if they exceed two percent of your adjusted gross income. These include expenses such as:
Some deductions are not subject to the two percent of AGI limit. Some expenses on this list include:
Many expenses are not deductible. For example, you can’t deduct personal living or family expenses. Report your miscellaneous deductions on Schedule A, Itemized Deductions. Be sure to keep records of your deductions as a reminder when you file your taxes in 2014.
Learn more about these rules in Publication 529, Miscellaneous Deductions. The booklet is available on IRS.gov or by calling 800-TAX-FORM (800-829-3676).