RW Phipps Accounting News
IRS: Maximum educator expense deduction rises to $300 in 2022
As the new school year begins, the Internal Revenue Service is reminding teachers and other educators that they'll be able to deduct up to $300 of out-of-pocket classroom expenses for 2022 when they file their federal income tax return next year. This is the first...
Business related travel deductions Info
Here are some details about these valuable deductions that all business travelers should know. Business travel deductions are available when employees must travel away from their tax home or main place of work for business reasons. The travel period must be...
Cryptocurrency: Investment or speculation?
With cryptocurrencies so much in the news, you might be wondering if you should invest in them. But “invest” may not be the right word – because, in many ways, cryptocurrencies, or “crypto” for short, are more speculation than investment. But what’s really the...