As a home business owner, you can make several tax deductions related to the cost of running your business, including expenses incurred to run your business from a home office. There...
Whenever young people start receiving their pay checks from their first job, that is usually the time when they open their IRAs or individual retirement accounts. But in reality, IRAs...
As you are probably aware, the large proportion of your income is taxable. Whether earned through a salary, hourly wages, tips, commissions, rent from a property that you lease or...
If you like to help out those who are less fortunate, you may be able to receive a tax deduction for your gifts. While it’s always best to consult with a tax preparer if you...
If you were a student over the past year at college, you may be wondering if you have to file a tax return or if you can simply be claimed as your parents’ dependent. Working with...
When it comes to tax season, self-employed individuals often envy their employed relatives and friends, wishing they could mechanically input data in a W-2 form and be done with their...
Under the IRS rules, a taxpayer is allowed to deduct expenses related to business use of a home, but only if the space is used “exclusively” on a “regular basis”....