Kostecke CPA

All posts tagged tax basics

Can I deduct my car?There are a lot of misunderstandings about deducting your car or truck expenses for business, so it’s important to understand how you do this properly without taking too much or too little as a deduction on your tax return.  To this set of frequently asked questions, here are six guidelines on taking mileage and depreciation that you Read more


Charitable contributions and how to get your deduction rightCharitable deductions remain a great way to lower your tax bill while supporting your favorite good cause. There have been a lot of fraudulent charitable contributions reported, however, and the IRS is cracking down on it. As a legitimate charitable contributor, you want to make sure you get the deduction you should. Read more


Alternative Minimum Tax (AMT)I have been called out more than one time by clients when I start talking about AMT. Most people do not know what AMT is. In my opinion, that’s how it should be. However, this year you might be forced to become acquainted with AMT, so you should understand what it is and how Read more