Tampa Tax Preparation Summer Camp Deduction

Summer Day Camp May Save You Taxes

The passing of Memorial Day marks the beginning of summer in the minds of many Americans. Although the kids might still be in school for another week or two, summer day camp is rapidly approaching for many families. If yours is among them, did you know that sending your child to...
Tax Advantage in St Petersburg Florida

3 Tax Traps When Donating Real Estate to Charity

If you’re considering donating a property to charity, here are three potential tax traps you need to be aware of: 1. If you donate real estate to a public charity, you generally can deduct the property’s fair market value. But if you donate it to a private foundation, your...
FSA amendment health care tax benefits

Employers: Have You Amended Your FSA Plan?

Health care Flexible Spending Accounts (FSAs) allow employees to redirect pretax income to an employer-sponsored plan that pays, or reimburses them for, qualified medical expenses not covered by insurance. A maximum employee contribution limit of $2,500 went into effect in 2013....
Tax benefits and write offs with business and vacation travel

Don’t Lose Tax Benefits When Combining Business Travel With Vacation Pleasure

Are you thinking about turning a business trip into a family vacation this summer? This can be a great way to fund a portion of your vacation costs. But if you’re not careful, you could lose the tax benefits of business travel. Generally, if the primary purpose of your trip is...