Dr. Friday delves into the intricacies of deducting business use of a car, comparing the mileage deduction to actual expenses. Covering the essentials of Section 179, fuel, insurance,…
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Tax questions
Deductions & credits
What you can write off, which credits you qualify for, and the paperwork that proves it.
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IRS letters & problems
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One-minute answer
Navigating Business Vehicle Expenses: Standard Mileage vs. Actual Costs
Deductions & credits
Dr. Friday, president of Dr. Friday's Tax and Financial firm, delves into the complexities of business vehicle expenses, specifically focusing on the choice between standard mileage and actual…
ListenDr. Friday, a seasoned tax expert, delves into one of the most significant tax deductions for many clients: mileage. With the current rate at 65.5 cents per mile,…
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Maximizing Savings: Understanding Tax Deductions vs. Tax Credits
Deductions & credits
Dr. Friday demystifies the difference between tax deductions and tax credits, crucial for effective tax planning. Tax deductions reduce your taxable income based on your tax bracket, offering…
ListenDr. Friday, president of Dr. Friday's Tax and Financial Firm, dives into the latest updates on electric vehicle (EV) tax credits for 2023. Listeners will learn about the…
ListenDr. Friday explores the unchanged solar tax credit, offering a personal perspective on the viability of solar energy in Tennessee. Despite her enthusiasm for green initiatives, Dr. Friday…
ListenIn this insightful episode, Dr. Friday extends a heartfelt appreciation to teachers, emphasizing their invaluable role in shaping futures. Highlighting a significant update for educators, she discusses the…
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Radio Show
February 3, 2024
In this episode of the Dr. Friday Radio Show, Dr. Friday tackles the latest in tax legislation and offers expert advice on managing your finances in light of…
#Free Tax Filing#Capital Gains Taxes#Retirement Tax Planning#Social Security Taxation
ListenDr. Friday, with over 25 years of experience in tax and financial advising, debunks common myths surrounding the home office deduction. Often feared to be an audit trigger…
ListenDr. Friday, the president of Dr. Friday's Tax and Financial Firm, underscores the paramount importance of meticulous expense tracking for entrepreneurs and self-employed individuals. With a focus on…
ListenDr. Friday highlights the often overlooked Saver's Credit, an essential tax break for low to moderate income earners. Tailored for individuals and couples earning below certain thresholds, the…
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Radio Show
January 27, 2024
In this episode of the Dr. Friday Radio Show, Dr. Friday delves into crucial tax updates and financial strategies. From the essentials of tax preparation to navigating new…
#W-4 Withholding#Cryptocurrency Reporting#Business Vehicle Deductions#Capital Gains Deferral
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