Author: Nan Jacobson

Standard DeductionThe standard deduction reduces taxable income. It is a benefit that eliminates the need for many taxpayers to itemize actual deductions, such as medical expenses, taxes, interest, and charitable contributions, on Schedule A (Form 1040). The standard deduction is increased by an additional amount...

Beginning in 2018, employee business expenses are no longer tax deductible. The tax deduction for business vehicle expenses applies only to self-employed persons.If you use your car or truck in your business, you may be able to deduct the costs of operating and maintaining your...

Rental Property Requirements 2019 implements a new set of rules relating to rental properties that we must start following in order to try to qualify for the favorable “20% Qualified Income Deduction” (QBI). In the past the rental of property rules have been fairly simple, but...

Apr. 30, 2019 - Haynie & Company has been growing at a rapid pace but our website wasn’t keeping up. That’s why we are so excited to introduce the NEW HaynieCPAs.com. Most of our clients are busy, influential business owners who spend a lot of...