Quarterly estimated tax payments are due soon, and if you’re a small business owner or self-employed professional, there’s a ...

Anyone who uses a car for business should know the costs associated with the miles you drive for your business are tax-deductible. Most years, when the IRS publishes its deductible cost-per-mile rates ...

Actual Expenses and Standard Mileage are the two approved methods by the IRS for determining your deduction for the business use of your car. If you’re self-employed, you face a double whammy of ...

When you're hitting the road in a personal vehicle for your business or you're asking employees to use their car for work tasks, you need to establish a uniform mileage expense policy. Mileage ...

Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses. Self-employed individuals and freelancers can deduct costs such as rent, utilities ...

The tax code is complex and continually changing. With several deductions, you have different options when it comes to calculating the amount you may apply against your income. These are not shady, ...

When you use your car for both personal and business reasons and you are not fully reimbursed through your employer for the business expenses, you can deduct those costs from your taxes. How do you go ...