5 Things to Remember for Upcoming Tax Filing Season

upcoming-tax-filing-season

upcoming-tax-filing-seasonThe tax filing season starts on  Monday, Jan. 23, 2017, and  shall run till  Tuesday, April 18, 2017. This post is for readers to claim ceratin benefits that one can do till the end of the year i. e 31st December 2016 . Often, taxpayer miss because they forget to claim those or do certain action as per law. So here are five such reminders :

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10 Job Related Deductions Under IRC ,Every Employee Must Know About!

job-related-deductionsInternal Revenue Code allows workers and employees certain deductions that are nencessry for carrying out jobs assigned to them .In other words , certain types of job-related expenses that are not reimbursed by the employer but incurred by an employee  for the purpose of job might qualify for deductions  from taxable income under certain conditions .

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Getting Home Improvements Costs as Medical Expense Deduction !

home-improvement-medical-deductionIf you or your spouse of specified dependents are facing medical challenege on account of aging or any disese or aging or for any purpose , it should be known that Sec. 213(a) of Internal Revenue Code allows deduction of home imporvements linked to medical care on self  , one’s spouse, or a specified dependent as defined in Sec. 152 . It has been held by Court held that  an expense on home improvement medical deduction allowed only if  one shows that the expense was part of  an essential element of treatment and would not have otherwise been incurred for nonmedical reasons (Refer Jacobs, 62 T.C. 813 (1974)). 

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