Student loan interest deduction is allowed on student loans.
Even the best of customers sometimes fall past-due.
You can deduct the costs of looking for a new job as miscellaneous itemized deduction subject to the 2% of Adjusted Gross Income limitation.
Expensing election. Businesses can elect to expense as an option to depreciating, $500,000 of equipment purchases placed in service.
You can get an automatic extension until O October 15, 2016 to file your tax return.
Here’s a chart that shows how fast $1 contributed to an IRA or 401(k) plan at the end of each year will grow at various compound interest rates over different periods of time.
When you’re evaluating potential sources of income, you should also be keeping an eye on their tax consequences.
Contribute to your 401(k) plan. For 2016, you can contribute up to $18,000.