Search Results for: tax deductions

Getting Home improvement loans for remodeling

Home improvement loans are designed to help borrowers make improvements on their homes. It can be used for such things as adding a new room, remodeling a kitchen, building a pool, or re-carpeting the entire house. As a secured loan, collateral is required – current equity in the home. To qualify for possible tax deductions, … Continue reading Getting Home improvement loans for remodeling

Itemized deduction for business expenses

If you are an employee you can claim business expenses tax deduction on several expenses that you incur in conducting the company s business. These deductions should be claimed as itemized deduction on Schedule A, Form 1040. The IRS or Internal revenue Service recognizes the following as businessexpenses on which tax deductions can be claimed: … Continue reading Itemized deduction for business expenses