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 have a dedicated workspace at home, the home office deduction can be one of small businesses's most powerful tax breaks," Lovison said. You can opt for the simplified or actual expense ...

Prostock-studio // Shutterstock Tips for filing small business taxes for the first time. Filing small business taxes for the ...

The home office deduction If you work from your home ... Before becoming an editor, she was NerdWallet's authority on taxes and small business. Her work has appeared in a variety of local and ...

Learn some of the top business tax tips that may help you avoid unnecessary tax burdens if you are self-employed, own, or manage a small business.

The home office tax deduction is available to self-employed ... And in 2020, the agency created a Fraud Enforcement Office, part of its Small Business/Self-Employed Division.

Expenses like a home office, car ... "Publication 334: Tax Guide for Small Business (For Individuals Who Use Schedule C)," Pages 33-34. Internal Revenue Service. "Publication 535, Business ...

Additionally, basic local telephone service for the first phone line in your home is not deductible, even if it’s in your office. For business meals to be tax deductible, the business owner or ...

With last week’s passage of the hotly debated Tax ... of deductions and in which state they live. However, one type of taxpayer, in particular, stands to gain more than most: small-business ...

There's a wide variety of deductions you can use to reduce the taxes you'll pay as your business grows. You'd be foolish not to take advantage of as many of them as you legally can. Here are some ...