The structure of the traditional job market has shifted drastically in recent years and as more Americans are working from home, it’s important that they are correctly and accurately claiming home ...

Some of the most valuable tax breaks are also the ones most likely to draw extra attention if you get the details wrong. To ...

Learn about IRS Publication 535, crucial for business owners to understand deductible expenses to reduce taxable income.

Unlock overlooked tax deductions -- from medical costs to home office write‑offs -- to lower your taxable income and keep ...

Home-based business owners often use part of their home to conduct some or all their business activities. When your business meets the requirements set by the Internal Revenue Service, you are ...

You don't have much choice when it comes to whether to pay your taxes, but you can decide how to approach your tax deductions -- those allowable subtractions that can lower the amount you owe in taxes ...

Don’t let its name fool you: The so-called “manufacturers’ tax deduction” applies to a much broader range of industries than those traditionally associated with manufacturing. And your business could ...

The Fifth Circuit Court of Appeals upheld a Tax Court decision that a change in accounting method occurred when the IRS disallowed an accrual-basis taxpayer’s deduction for inventory purchased on ...

Anyone who uses a car for business should know the costs associated with the miles you drive for your business are tax-deductible. Most years, when the IRS publishes its deductible cost-per-mile rates ...