Child and Dependent Care Credit

You may be eligible for this credit if you paid for services outside of your household to take care of your child provided the payments were for a qualifying child under the age of 13 or a qualifying individual who regularly spends at least 8 hours each day in your household. The total expenses that…

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Home Office Deduction

If you use part of your home for business, you may be able to receive a deduction. This deduction is available to homeowners and renters, and applies to all types of homes. Until 2013, you used to have to allocate all the expenses of your home (mortgage interest, insurance, utilities, repairs, and depreciation) As of…

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Job Creation Deduction

Starting in 2011 a deduction is available for the increase in full time employees that are employed in Wisconsin during the taxable year. The subtraction is $2,000 per eligible employee for businesses with gross receipts greater than $5 million or $4,000 per eligible employee for businesses with gross receipts of $5 million or less. In…

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