Tax Deduction for Non-Dependent Medical Expenses

Most of us know that qualified medical expenses are tax deductible when paid for a qualified dependent. But what about medical expenses you pay for someone who does not qualify as your dependent? Not hard to imagine it happening these … read more

It’s the End of the Line for Some Popular Credits and Deductions

Did you know that while many tax rules are permanent, others are written to expire at some point in the future? These expiring items are often granted a temporary extension, but a significant number of popular “extenders” terminated at the … read more

Medical Expense Deductions: Changes in 2013

Most people around the country may not pay much attention to medical expenses, because in order to take a deduction, the rule is that you needed a lot of expenses. That is because until January 1, 2013, you needed medical … read more

Mamma Mia! Who Can Deduct That?

I couldn’t help click on a headline the other day “Abba Wore Flashy Clothing as a Tax Deduction”. The article discussed the Swedish pop group Abba’s on stage outfits. In a new book published to mark the 40th anniversary of … read more

What’s New On the 2013 Form 1040 and Related Forms and Schedules Part 2

Part I examined Form 1040 itself. This part covers related forms and schedules. Form 1040—Schedule A, Itemized Deductions Line 1. Medical and dental expenses. The 2013 standard mileage rate for medically-related use of an auto is 24¢ per mile. Line … read more

What’s New On the 2013 Form 1040 and Related Forms and Schedules

With the start of tax season on Jan. 31, the IRS has now released on its website final tax forms and instructions for the 2013 Form 1040 and its related schedules. The instructions to the Form 1040 for 2013 carry … read more

Claiming Home Business Deductions

Claiming a deduction for the business use of the home can be confusing to some taxpayers, and they can easily end up overstating or understating this deduction. Assuming that part of the home is used in a way that qualifies under … read more

A Simpler Way to Take the Deduction for Business Use of Home

There are now two ways to calculate the deduction for the business use of the home, also called the home office deduction. The first way is using actual expenses. The taxpayer first calculates the percentage of space in the home … read more

Can I Deduct the Costs of a Spouse on a Business Trip?

You are going on a business trip and bringing your spouse. It would be nice if you could deduct some of their expenses as well as your own, but is that allowed? The rules for deducting a spouse’s travel costs … read more

Can I Deduct Rent Paid to a Related Party?

Just because you are paying rent to a related party doesn’t mean that you can pay whatever you want or get by without a rental agreement if you want your deductions to hold up. Related party rent is an issue … read more


There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne, LLP we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.

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