With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited ...

Freelancers can lose thousands in tax savings simply by overlooking deductions they are entitled to claim. With ...

Freelancers face tricky taxes. I asked ChatGPT about common write-offs that could lower your bill — from home offices to retirement contributions.

Learn how to calculate depreciation for tax deductions using GAAP methods like straight-line and declining balance for optimal savings.

See how the SALT deduction can cut your tax bill. Learn which state and local taxes you can deduct, how the SALT cap applies, ...

Let’s face it — tax season can be stressful. This is especially true for self-employed individuals and small business owners searching out every self-employed tax deduction and navigating other small ...

As Chuck Neely, CEO of Neely’s Accounting in Roanoke says, “It’s Your Money,” and 10 News is working for you to help you get ...

Claiming a tax deduction for mileage can be a good way to reduce how much you owe Uncle Sam, but not everyone is eligible to write off their driving costs. Mileage for ...

Vehicle costs are among the best tax deductions for small businesses. Small business owners can deduct vehicle expenses on their tax return. If a vehicle is used for personal and business needs, the ...

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 ...