Below, let’s explore critical small business tax deductions, breaking them down by category to help maximize your savings. Everyday items such as pens, printer ink, and paper, as well as larger ...

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

With tax season officially underway, you'll need to know the standard deduction amount you can claim for 2024. After all, most taxpayers opt to take the standard deduction rather than itemizing ...

or even home construction or renovation materials from your return. Your sales tax deduction is capped at $10,000 per year, but can help reduce your taxable income. What items are eligible for ...

Many Americans may think that because they work from home, they can take tax deductions for a portion of their rent, utilities and more. Not so fast. Not everyone qualifies to do that. Wage ...

The U.S. Department of Energy (DOE) has launched the free 179D Portal for estimating tax deductions for energy-efficient technologies ... the bottom line in a commercial building upgrade or new ...

The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

However, if you're a remote worker filing your taxes, you still might not be able to claim the home office deduction ... Regardless of the tax category you fall into, there's one date you need ...