Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

With tax season just around the corner, knowing how to navigate work from home tax deductions can help you save time — and ...

If you worked remotely in 2024, you may be eyeing the home office deduction. However, qualifying for the tax break may be harder than you expect, experts say. Only 7% of companies allowed fully remote ...

The standard deduction has been super-sized for seniors. Thanks to provisions in the One Big Beautiful Bill Act, taxpayers 65 and older can claim an additional $6,000 without itemizing their ...

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 ...

For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

Tax deductions lower your taxable income and the amount of income tax you have to pay. Explore some of the most popular deductions here. A tax deduction is an amount of money that reduces your income ...

Businesses that take a federal income tax deduction on the purchase of equipment are allowed in some situations to carry over the deduction from one year to the next, according to the Internal Revenue ...

The IRS issued new guidance to examiners in its Large Business & International (LB&I) Division regarding how to determine which taxpayer is entitled to claim the Sec. 199 domestic production ...