Richmond VA Accounting Services Blog | Rue & Associates

Blog

21
Mar

Tax Rules You Should to Know When You Receive or Give Cash

Whether you prefer to gift or receive money from loved ones or earn money from a patchwork of different projects, reporting those payments at tax time can be tricky. What’s more, cash gifts are subject to their own regulations and tax rates. …

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16
Mar

Tax Deductions That Are Disappearing This Year

This tax filing season taxpayers are poised to experience the impact of the Tax Cuts and Jobs Act of 2017, which eliminated beneficial deductions and credits. Pushed as the largest tax overhaul in 30 years, the law could be a …

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07
Mar

How Americans Are Using Their Tax Refunds

For many Americans, an annual check from Uncle Sam offers a rare opportunity to better their financial footing, and fewer adults these days want to blow it on an excursion. On average, taxpayers expect to receive $3,030 back from the …

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28
Feb

Deducting Business Use of a Vehicle

If you use the car for both business and personal purposes, you may deduct only the cost of its business use. You can generally figure the amount of your deductible car expense by using one of two methods: the standard …

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23
Feb

The Rules of Credit Card Rewards and Taxes

Whether or not credit card rewards are taxable depends on how you earned them. Here’s a look at the rules surrounding rewards and taxes. Earning points, miles and cash back: If you have a credit card that offers 2 percent back …

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