iOS Game of the Week - Get Your Answers in a Fun Way with Tax Fight
Thursday, October 20, 2016
A deductible expense
is one you can subtract from your taxable gross income. Deductible expenses
reduce your tax liability. A non-deductible expense, on the other hand, does
not impact your tax bill. Certain expenses are always deductible, while others
can never be deducted. Another category of expenses, however, are deductible
only under specific circumstances.
Yes, yes, we’ve all heard about this and it
is a must-know for anyone. But that doesn’t mean that it’s fun. It means that
it isn’t our favorite thing to deal with. Especially when there is an exquisite artwork and design involved!