Month: February 2015

Oops!

Politicians in Iowa, like politicians everywhere, want to encourage their local economy to grow. (Happy voters lead directly to reelection, of course.) But back in 2008, construction in Iowa, like construction everywhere, had slowed because of the recession. So the Hawkeye state’s legislators did what they thought was a smart thing. As part of an …

Oops!Read More »

Getting the Most out of Employee Business Expense Deductions

Individuals can deduct as miscellaneous itemized deductions certain expenses that they incur in the course of their employment. Generally, qualified business expenses are un-reimbursed expenses that are both ordinary (common and accepted in your industry) and necessary and do not include personal expenses. There are two major barriers to deducting employee business expenses. The most …

Getting the Most out of Employee Business Expense DeductionsRead More »