Small Business Tax Deductions
Just like your personal federal income taxes, you can claim deductions to lower the taxable income of your business. Here, you can find all the available tax deductions for businesses and requirements for claiming them.
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Understanding Pennsylvania Entertainment Expenses Deduction: What You Can and Can’t Write Off
Tax season can feel like a game of financial Tetris, especially when it comes to figuring out what entertainment expenses…
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How Much Taxes Should I Withhold from My Uber Income? A Driver’s Guide
If you drive for Uber, one of the biggest financial questions you’ll face is: How much taxes should I withhold…
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Deducting Computer Accessories as Business Expenses: A Comprehensive Guide
Running a business in today’s digital age often means investing in technology—and the good news is that deducting computer accessories…
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Can You Write Off First Class Travel?
Flying first class is a luxury many dream of, but when it comes to taxes, the question arises: Can you…
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Can I Write Off Credit Card Annual Fees?
Credit card fees can be a frustrating expense, especially when annual fees add up. Naturally, many people ask: Can I…
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Are Homeschool Supplies Tax Deductible?
Homeschooling is a rewarding but costly endeavor, requiring investments in curriculum, textbooks, and educational materials. Naturally, many parents ask: Are…
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Does Section 1231 Override Section 1245?
When selling business property, understanding IRS rules is crucial to determining how gains or losses are taxed. Two key sections…
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Can Closing Costs Be Added to Property Basis?
Buying property comes with a whirlwind of expenses, and closing costs often take center stage. But when it comes to…
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Is the Origination Fee Tax Deductible?
When it comes to loans, especially mortgages, the origination fee often pops up as one of those necessary but confusing…
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Claiming Union Dues on Your Taxes: What You Need to Know
Union dues are a common expense for many workers, but the rules around claiming them on your taxes can be…
