Hi folks it’s mid-March and those of us who have a tax practice are in full tax season mode right now. I do love this time of year as my office helps out so many families with their tax planning and financial needs. Every Tuesday morning at 8:30 I chat with Win Damon on WNBP 106.1 in Newburyport. You can also hear our chats at wnbp.com.
While talking about taxes is not generally exciting, at least this week we chatted about the “fun” part of tax filing, accounting for your itemized deductions and unreimbursed business expenses found on Schedule A and Form 2016. The popular Schedule A deductions include medical, state taxes, real estate taxes, excise taxes, mortgage interest, charity (cash and non-cash), investment expenses, and unreimbursed business expenses, which fall on form 2016.
If you have a job and are paid on a w2, you may have deductions for expenses that you are not paid back for such as auto and travel, meals and entertainment, professional publications and education, professional dues, and cellular telephone. There are other possibilities for deductible items, so please check with your qualified advisor to see what may qualify! Please listen to our chat below.
 

Stuart Steinberg of Eaglerock Financial, Inc. has worked with families for more than 20 years, helping them work toward their financial goals through a holistic, well rounded approach rooted in objectivity, education, and empowerment. Stu is highly regarded by clients and colleagues for his unique combination of investment, CPA and entrepreneurial experience in the high net worth market.