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What is the best tax deduction?

There are several best tax deductions:

The first is to have your own corporation, as many expenses are both personal and business and the business aspect becomes a write off. This is the best.

The second one is a deductible retirement plan like a 401k or IRA where the money you put into it becomes a deduction as well as a earns tax deferred. You get to save and take the contribution as a a tax deduction.

If you can focus on these, it will serve you well.

Contact Us

JW Accounting + Tax LLC
3350 Ridgelake Drive
Suite 290
Metairie, LA 70002
Tel. 504.293.0002

info@jwaccountingandtax.com

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