Are you eligible for the home office deduction? This guide clarifies the strict IRS rules for self-employed individuals, freelancers, and small business owners.

Learn how to calculate depreciation for tax deductions using GAAP methods like straight-line and declining balance for optimal savings.

Freelancers can lose thousands in tax savings simply by overlooking deductions they are entitled to claim. With ...

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.

One of the ways to reduce your liability this tax year is to decrease your taxable income. And the best way to do this is by taking advantage of tax ...

Let’s face it — tax season can be stressful. This is especially true for self-employed individuals and small business owners searching out every self-employed tax deduction and navigating other small ...

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 ...

See how the SALT deduction can cut your tax bill. Learn which state and local taxes you can deduct, how the SALT cap applies, ...

Vehicle costs are among the best tax deductions for small businesses. Small business owners can deduct vehicle expenses on their tax return. If a vehicle is used for personal and business needs, the ...

As Chuck Neely, CEO of Neely’s Accounting in Roanoke says, “It’s Your Money,” and 10 News is working for you to help you get ...