Tags: Ask the Tax Expert

Can You Still Deduct Medical Expenses Under the New Tax Law?

Can You Still Deduct Medical Expenses Under the New Tax Law?

A massive new tax law called the Tax Cuts, and Jobs Act (TCJA) went into effect on January 1, 2018. This new law has a significant impact on taxpayers’ ability to deduct their medical ...Read more

Do Business Calls Make Commuting Deductible?

Do Business Calls Make Commuting Deductible?

In this Ask The Tax Expert, we tackle a common question: Can I deduct drives if I make business calls during them? Let's dive into this. ...Read more

Standard Mileage Deduction or Actual Expense Method For Ridesharing?

Standard Mileage Deduction or Actual Expense Method For Ridesharing?

Q. This is my first year as a ridesharing driver. I would like to use the actual expenses method to calculate my mileage deduction for 2018 because I paid for some major repairs. Thus, my actual ...Read more

Tax Tips For Beekeepers: Deducting Drives To Hives

Tax Tips For Beekeepers: Deducting Drives To Hives

In this week's Ask the Tax Expert, a budding beekeeper asks questions about which drives are deductible. While your business may not be as buzzing, read on for some applicable tips for small business ...Read more

Ask the Tax Expert: Why You Can’t Estimate Mileage Deduction

Ask the Tax Expert: Why You Can’t Estimate Mileage Deduction

Q. I’ve had the same job for 20 years. I deduct the same business miles every year but now, the IRS is questioning my miles. I had heard that the IRS offers a 10% or $5,000 leeway on these types ...Read more

Mixing Business Trip with Pleasure

Mixing Business Trip with Pleasure

Q. If we bought a home where my Mom lives and hire her as our agent and property manager, will our visits to see her be deductible? Of course, there would be plenty of personal reasons for these ...Read more

Ask The Tax Expert: Switching to Actual Expense Method

Ask The Tax Expert: Switching to Actual Expense Method

Q. If I use the standard mileage rate to calculate my business mileage deduction for 2015, can I switch to the actual expense method to calculate the deduction for 2016? ...Read more