If you're a remote worker filing your taxes, however, you might not be eligible to claim the home office deduction. The home ...

Part of the 2017 Tax Cuts and Jobs Act (TCJA), the QBI deduction allows eligible self-employed taxpayers and small business owners to deduct up to 20% of qualifying business income on their ...

Are you self-employed and wondering how to maximize your tax deductions for tax year 2024? Here’s a look at the best tax write-offs you don’t want to miss: 1. Qualified Business Income If you ...

Selling items online, taking on side jobs, and gambling winnings can impact your taxes. Here are some tips to avoid common mistakes.

Self-employed Uber and Lyft drivers can maximize tax deductions by tracking vehicle expenses, tolls, phone usage, and service ...

As tax season approaches, freelancers face unique challenges that traditional employees don’t have to consider. Without an employer to withhold taxes, manage paperwork, or provide financial guidance, ...

While Americans are most commonly insured through their employers, you will need to shop for your own individual or family ...

If you made a large purchase, such as a car or expensive appliances, this deduction could make a big difference in your tax bill. Health insurance premiums for the self-employed If you're self ...

The Lagos State Internal Revenue Service’s Director of Legal Services, Seyi Alade, speaks to ARINZE NWAFOR on how the agency ...

The most common tax breaks are for education expenses, home office tax deductions, self-employment expenses and child and dependent care credits, there are some lesser-known and even weirder tax ...

the money you make is generally considered self-employment income. You’ll likely have to account for it when you file your taxes. On the plus side, you also may get the benefit of writing off ...

You must pay both the employee and employer portion of these taxes. Although you pay the entire amount, there is a deduction for half of this self-employment tax. Lower earners often owe more for ...