Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses. Self-employed individuals and freelancers can deduct costs such as rent, utilities ...

This type of insurance includes liability coverage, which can shield you if you're found at fault for damages to someone else. It also pays to repair or replace your property's structure if it's ...

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's what you need to know.

The current tax law since 2017 has eliminated employee business expenses as an itemized deduction. But, if you own a business taxed as a C or S corporation, there is a way for the business to deduct ...

If you run a business and carry a balance on your credit card, here's something worth knowing. The interest you're paying might actually reduce your tax bill. In the United States, credit card ...

Businesses can deduct credit card annual fees and other fees as business expenses. Learn how to deduct business credit card fees on your taxes correctly.

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

Yes you can stil banefit from the mileage tax deduction if you own a EV like a Rivian or Tesla. The savings can be quite valuable tax wise, in reduced emissions and in the cost of driving your car. As ...