With the new tax laws, it’s hard to decifer what to file, what you can file and what you shouldn’t file for 2018.

In preparation for tax season, Urban Media Today found more helpful tips to assist you through the grueling process of filing your 2018 taxes.

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Self-employed expenses

Self-employed workers can write off half of what they pay in social security and Medicare taxes (the employer portion).

Post-college education expenses

The Lifetime Learning Credit allows taxpayers to deduct up to $2,000 a year, based on 20% off of the first $10,000 spent on education after high school, like a vocational or community-college class. 

Medical expenses

According to Investopedia, you can write off several healthcare and medical expenses if they’re out-of-pocket and cost more than 7.5% of your adjusted gross income — however, this limit will increase to 10% for 2019 returns.

For more tips, click here!

For tax help, call the professionals at RSG Accounting Services today at 412-296-9503!


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