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Work-Related Tax Deductions: Travel, Transportation, Entertainment, and Gift Expenses

10th February 2009
If you are an employee and have ordinary and necessary business-related expenses for travel away from home, local transportation, entertainment, and gifts, you may be able to deduct these expenses. Generally, you must file Form 2106 or 2106-EZ to claim th... Read >

Tax Exemptions for 2008

03rd February 2009
Exemptions reduce your taxable income for the year and are divided into two categories: personal exemptions and dependent exemptions . Each exemption is worth $3,500 for the 2008 tax year, but different rules apply to each type of deduction. Usually, you ... Read >