Driving to meet vendors, make pickups and woo clients can be hard on your car, but a few self-employment tax deductions might help you recoup some of that wear and tear. What you can deduct ...

A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Not sure where to start? Here are 10 small business tax deductions you don't want to miss. If you use your car for business purposes, you might be able to deduct car-related expenses such as ...

If you’ve got an old, broken-down car taking up space, you might be surprised to learn that it still holds value. Selling a ...

If you use your personal vehicle for business ... Record-Keeping And Consulting A Tax Advisor While identifying deductions is helpful, robust record-keeping ensures compliance with IRS requirements.

The 2024 mileage rate for use of your vehicle to do volunteer work for certain charitable organizations is 14 cents a mile.