Contractors often maintain both a stand‑alone office and a home office for scheduling, estimating, bookkeeping, and client meetings. The IRS allows ...

Some deductions remain every year, but others change or disappear and new ones crop up. Learn about the best tax deductions ...

Is rent a tax deduction? You generally cannot deduct rent from federal income taxes but some states offer a renter's credit.

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

If you worked remotely in 2024, you may be eyeing the home office deduction. However, qualifying for the tax break may be harder than you expect, experts say. Only 7% of companies allowed fully remote ...

The secret to winning the 2026 tax season is realizing that, if you're smart about it, your home is essentially a giant tax ...

Businesses that take a federal income tax deduction on the purchase of equipment are allowed in some situations to carry over the deduction from one year to the next, according to the Internal Revenue ...