The GOP tax bill changed or eliminated a number of deductions for working Americans and businesses alike. At least in one case, this could an advantage to savvy business owners.... read more →
If you drive for work, claiming a vehicle deduction can be a huge money saver. The IRS allows for 2 deduction methods: the standard mileage deduction or actual expenses. ... read more →
Our tax liability is about to shift, and the savvy taxpayer can take advantage of changes and deductions to lower their bill even further. Health Care Mandate Repeal While... read more →
Last year nearly 30% of all individual tax returns show some form of self employment income. No wonder small business tax deductions are such a hot topic! With the growth of the "gig... read more →
Many people wonder if driving from home to the office (and back) is a valid business trip whose mileage you can deduct as part of your mileage deduction. The answer is usually... read more →
To claim a deduction for transportation expenses related to business, you must be able to provide the IRS with the exact log of every mile you traveled during the... read more →