Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.

Just because you work from home doesn't mean you can deduct a home office on your taxes. Here's how to qualify for the ...

If you're a W-2 remote employee hired for a period of time to complete ongoing work on a company's payroll, you probably ...

The mortgage tax break is one of the most common. It enables you to deduct the home mortgage interest on the first $750,000 ...

It’s mainly determined by your taxable income, tax bracket, filing status and any tax credits or deductions for which ... payments (usually if you’re self-employed) and payments made with ...

The IRS expects more than 140 million returns for Tax Year 2024, with changes for third-party payment platforms and important ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

With the Union Budget 2025 set to be presented on February 1, Finance Minister Nirmala Sitharaman faces mounting expectations ...

Proprietors must file Form 1040, which is the standard form for the income tax returns. 3. File Schedule C: Attach Schedule C (Form 1040), which reports business incomes and expenses. 4. File Schedule ...

In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

vice president of tax operations at preparer TaxAct. Pennsylvania and New York, for example, allow employees to deduct some unreimbursed expenses. Check your state's rules. Self-employed ...