Tax questions
What you can write off, which credits you qualify for, and the paperwork that proves it.
In this episode of the Dr. Friday Radio Show, tax expert Dr. Friday discusses various tax-related topics, including extensions for certain counties affected by severe weather, setting up…
#IRS Payment Plans#Disaster Tax Extensions#IRS Debt Resolution#Debt Cancellation
ListenIn this episode of The Dr. Friday Show, Dr. Friday, discusses various tax-related topics and answers questions from callers. She provides insights on the new Tennessee franchise tax…
#Inherited IRA Distributions#IRS Debt Resolution#Tax Filing Status#Medical Expense Deductions
ListenIn this episode of Dr. Friday's Tax Tips, the focus is on claiming tax deductions for small business startup expenses. Dr. Friday explains that these expenses don't necessarily…
ListenIn this episode of Dr. Friday's Tax Tips, the importance of maintaining accurate mileage logs for tax deductions is emphasized. Dr. Friday advises listeners to use mileage tracking…
ListenReal estate agents can significantly reduce their tax liability by claiming auto expense deductions. The two primary methods for claiming these deductions are actual expenses or mileage, with…
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Deductions & credits
Dr. Friday explains the importance of below the line deductions in reducing your taxable income. These qualified deductions, such as standard deductions, charitable contributions, medical expenses, and mortgage…
ListenDr. Friday discusses the importance of above-the-line deductions in reducing your taxable income. These deductions, which include contributions to retirement accounts, health savings accounts, and student loan interest,…
ListenIn this episode of the Dr. Friday Radio Show, Dr. Friday, a financial counselor and tax consultant, discusses various tax-related topics and answers caller questions. As the tax…
#IRS Notice Resolution#Tax Filing Status#Estate Planning#Beneficial Ownership Reporting
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Deductions & credits
Dr. Friday discusses the mortgage interest deduction and its impact on tax savings. She explains that unless the mortgage interest, property taxes, and sales tax exceed the standard…
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Deductions & credits
When it comes to charitable deductions, cash donations up to 60% of your income are straightforward. However, for non-cash donations like stocks, art, or furniture valued over $2,500,…
ListenIn this episode, Dr. Friday explains the Child Dependent Care Credit, which allows you to claim up to $3,000 in expenses for a single child and a maximum…
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Deductions & credits
In this episode, Dr. Friday provides valuable insights into the Lifetime Learning Credit, a tax credit designed to help offset the costs of higher education. He explains the…
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