Individual taxpayers can claim a wide variety of deductions on their federal taxes. "The basic rules of deductions start by ...

can impact tax savings. Education, insurance and legal or professional fees can also be deductible if they're directly related to maintaining or improving business operations. Proper record ...

The National Federation of Independent Business (NFIB) says a new poll released by the organization today (April 8) shows ...

Business Tax Credit vs. Business Tax Deduction The main difference between a business tax credit and a business tax deduction is that the former reduces a business’ total tax bill on a dollar ...

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The home office deduction is a tax break that some self-employed ... the taxpayer must use the space as a primary place of ...

Those extra expenses make claiming any available tax ... is that the IRS "treats the employer portion of the self-employment tax as a business expense and allows you to deduct it accordingly ...

Self-employed taxpayers don’t get Form W-4 and can’t take advantage of certain payroll deductions, but they can take advantage of many of the small-business tax deductions. For example ...

Over the years, the IRS has allowed some unusual tax deductions, but the circumstances were very specific. Basically, taxpayers must prove the items were necessary or a legitimate business expense.

The goals of these strategies are to minimize tax liability, maximize deductions and ... properties used for business purposes, such as office buildings, retail centers, and industrial properties.