Tax Deductions

News and Articles About Tax Deductions

Finance

Can I Deduct That? Your Tax Deduction Checklist

Figuring out what you can and can't deduct as a business expense is challenging. These tips help you lower your tax bill without running afoul of the federal tax code.
As Tax Reform Stalls, Small-Business Owners Spend Up To 150 Hours on Their Taxes
Finance

As Tax Reform Stalls, Small-Business Owners Spend Up To 150 Hours on Their Taxes

A new taxation survey finds that the administrative burdens of paying taxes are more significant than the financial burdens. Here are a few tips on how to keep the time devoted to your taxes to a minimum.
Catherine Clifford
5 Questions to Ask Before Filing Your Taxes
Finance

5 Questions to Ask Before Filing Your Taxes

Don't file your taxes just yet. You could save yourself more money by answering these five simple questions.
Mark J. Kohler
Are You Leaving Money on the Table? 5 Often Overlooked Tax Deductions
Finance

Are You Leaving Money on the Table? 5 Often Overlooked Tax Deductions

At tax time, novice entrepreneurs will quickly find out just how complex the U.S. tax system is. But don't let that stop you from taking advantage of a few key tax deductions.
Amrik Randhawa
Tax-Time Crunch: 3 Deduction-Tips To Help Boost Your Bottom Line
Finance

Tax-Time Crunch: 3 Deduction-Tips To Help Boost Your Bottom Line

April 15th is right around the corner. Here's how to minimize what you owe to Uncle Sam.
Catherine Clifford
Entrepreneurs Could Benefit from New Research and Development Tax Credit
Starting a Business

Entrepreneurs Could Benefit from New Research and Development Tax Credit

Congress debates a bill that would extend a research and development tax credit to startups.
Catherine Clifford
Calculating Your Home-Office Deduction Just Got Easier
Finance

Calculating Your Home-Office Deduction Just Got Easier

The IRS provides a new streamlined option for determining how much you can deduct for your home-office space.
Catherine Clifford
Tips for Writeoffs, Obamacare and Keeping the Tax Man at Bay
Finance

Tips for Writeoffs, Obamacare and Keeping the Tax Man at Bay

Tax accountant Mark Kohler offers need-to-know advice to business owners.
Mark J. Kohler
The Fiscal Cliff: 3 Tax Changes You Need to Know Are Coming
Finance

The Fiscal Cliff: 3 Tax Changes You Need to Know Are Coming

At the end of the year, a slew of tax breaks are set to expire, effectively increasing your bill to Uncle Sam. Here is a rundown of some of the changes that may not heard about.
Catherine Clifford
How Does a 20 Percent Tax Cut Sound? Don't Hold Your Breath
Finance

How Does a 20 Percent Tax Cut Sound? Don't Hold Your Breath

Next week, Congress will take up a piece of legislation that would give businesses with fewer than 500 employees a one-year tax break.
Catherine Clifford
Why You Should Consider Using the Home-Based Office Deduction
Finance

Why You Should Consider Using the Home-Based Office Deduction

Accountant Mark Kohler explains how this write-off can be useful come tax time.
Mark J. Kohler
Last-Minute Ways to Save on Your Taxes
Finance

Last-Minute Ways to Save on Your Taxes

Consider these ideas for tax breaks on your 2011 taxes.
Gwen Moran