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Carrie Clayton E.A., C.B.
Hassle-Free Bookkeeping began operations in March of 2015. Carrie Clayton is currently the sole owner.
Our company offers a wide range of services including bookkeeping, tax, and property management. Ms. Clayton has a Bachelors of Science degree in Business from the University of Louisville. She passed a three part examination testing her knowledge in Tax law and practices and became an Enrolled Agent; she can now represent taxpayers in all 50 states to the IRS in cases of an audit. She's also met a 2 year hands on experience requirement and past a four part exam to become a Certified Bookkeeper through the American Institute of Professional Bookkeepers. She currently has about 5 years experience with bookkeeping and accounting. She has also earned a property management certificate through Penn Foster's online degree program.
Ms. Clayton is always trying to learn new things and strives to do the best in what she does.
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Sales Tax Deduction
March 9, 2019
Periodically, we will post some tax facts about the Tax Cuts and Jobs Act of 2017 and just tax facts in general.
The tax fact for today is: the general sales tax deduction that can be claimed on Schedule A as an itemized deduction has been capped at $10,000 under the new law for 2018. If you have no other itemized deductions, it will still be beneficial to take the standard which is currently set at $12,000 for single filers.
If you know you'll have other itemized deductions to claim, such as mortgage interest or real or personal property taxes, you may want to keep all your receipts during the year. Another option is to claim your state and local income or property taxes (this is capped at $10,000 as well), but if you choose this option you cannot deduct the general sales taxes.