And what employers want is important â the number of jobs in this field through 2020 is expected to grow 21% faster than average. Your degree program should teach you specific medical codes, how to code accurately and how to use field-specific computer programs and technology, according to Carlson.
12. Taxes incurred in operating your business are generally deductible. How and when they are deducted depends on the type of tax: 1  Sales tax on items you buy for your business's day-to-day operations is deductible as part of the cost of the items; it's not deducted separately.
It also could benefit taxpayers who face substantial local sales taxes. Even some residents of states with both types of taxes might find the sales tax deduction is more valuable to them than the income tax write-off. Most people typically pay more in state income taxes than in state and local sales taxes. But double-check just in case. Depending on your stateâs income tax rate and how much you made (and paid), your sales tax amount could be greater. You can only deduct income or sales taxes, but not both. But regardless of your stateâs tax collection practices, to take full advantage of the sales tax deduction, you have to know exactly how to file for it and just which taxes you can claim.