Category Archives: Tax Deductions

Our accountants know Tax Deductions – LSL CPAs & Business Advisors – Irvine and Sacramento, California – 949.829.8299

Business Meals Are Deductible at 100%: Until December 31, 2022

As part of the Taxpayer Certainty and Disaster Relief Act of 2020, the Treasury Department...

22
Mar
SALT deductions
Eliminate the ‘SALT’ Deduction Cap?

What does SALT stand for, and what are the Pros and Cons? SALT is an...

02
Oct
Tax-Free Payments to Employees to Cover COVID-19 Expenses Are Deductible

Often-Overlooked IRS Section 139 Provides Relief Can we deduct COVID-19-related expenses used to help our...

18
Jan
What Is the Qualified Business Expense (QBI) Deduction?
November 1, 2019

. . . and WHAT’S the RUCKUS? Here’s the ruckus:This deduction, created by the 2017...

Should I Buy or Lease My Vehicle?
August 19, 2019

When someone asks us if they should buy or lease their next vehicle, their real...

If I do tax planning and you have no recommendations, do I still have to pay?
June 19, 2019

This is a great question that we receive from time to time. The answer is...

Meals and Entertainment Deductions since the Tax Cut and Jobs Act
December 27, 2018

Since the new tax law, also known as the Tax Cut and Jobs Act (“TCJA”),...

Qualified Charitable Distribution
How to Gain a Tax Benefit Using a Qualified Charitable Distribution (QCD)

How Tax Cuts and Jobs Act (TCJA) Effects Charitable Donations on Your 2018 Tax Return...

11
Dec
Pamela Bustos Discusses How You May Benefit From a Home-Office Deduction
March 13, 2017

Clients often ask us whether or not they qualify for a home office deduction. The...