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 ...

There are several tax deductions for homeowners, from interest paid on your mortgage to specific home improvements. Find out ...

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

Find out if you can claim pets on tax returns, which pet-related expenses may qualify for deductions and what the IRS allows.

As a first-time small business owner, you're responsible for paying federal income taxes according to the rules set by the ...

Taxpayers preparing to file the 2024 tax returns should ensure they're claiming the tax credits and deductions they're ...

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the ...

Be careful rushing through your taxes to get your refund faster. A mistake could bring you an audit instead. Here's how to avoid an audit.

If the IRS has questions about your business's taxes, they will want to see itemized records of your taxable income and expenses. You should be able to produce your bookkeeping, including bank ...

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

Yes, you can deduct self-employment tax as a business expense. It's actually one of the most common self-employment tax deductions. The self-employment tax rate is 15.3% of net earnings.

Increased taxes would add to farmers’ current difficulties, as farmers continue to face increasing production expenses and ...