Tag Archives for " business deductions "

Can you claim the home-office deduction?

  • June 2, 2022

Did you work from home this year? Find out when you can claim the home-office tax deduction. If you were part of the “Great Resignation” and it lead you to start a business or become your own

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Standard Tax Deduction: How Much It Is and When to Take It

  • March 29, 2019

The standard deduction reduces your taxable income. For 2018 taxes, the standard deduction is $12,000 for single filers and married filers filing separately, $24,000 for married filers filing jointly and

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10 Things You May Not Know Are Taxable

  • March 28, 2019

If you work for a living, you know that your wages are taxable, and you’re probably aware that some investment income is taxed, too. But the IRS doesn’t stop there.If you’ve picked up some extra

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Nice-Try Tax Breaks Rejected by the IRS

  • January 20, 2019

Over the years, taxpayers have concocted a lot of zany arguments to justify their tax breaks. Here are some of the most creative ones that the courts decided did not quite work. Take note: many of these

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5 Tax Strategies for Small-Business Owners

  • January 18, 2019

Many small-business owners don’t take full advantage of the opportunities available to them to reduce what they pay in taxes. Below are a few often-overlooked tips to consider. Small-business owners

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Deducting Mortgage Interest in 2018

The deduction is still there, but you might not be able to use it anymore. One of the most popular and lucrative tax breaks has been the deduction for mortgage interest, and while tax reform didn’t

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Some Key 2018 Tax Law Changes (for Business & Employers)

The Tax Cuts and Jobs Act represents the most significant overhaul to the U.S. tax code in more than three decades, so millions of Americans are wondering which tax breaks they’ll still be able

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