Tag: Deductions

Updated for tax year 2025. Being a small business owner comes with some unique challenges — including figuring out how ...

As you get older, you may find you face more and more medical bills. No matter how great your insurance ...

With 2025 on the horizon, taxpayers are beginning to plan for how they will file their returns. The IRS updates ...

Key Takeaways:  Owner-operators can deduct a wide range of business expenses, including fuel, maintenance, insurance, depreciation, and per diem meals. ...

President Donald Trump’s Big Beautiful Tax Bill is a landmark tax reform package signed into law by the Senate and ...

Insurance premiums go up and then they go up some more. The amounts can be substantial. This is particularly true ...

You probably know that claiming income tax deductions reduces your taxable income. But did you know that not all deductions are created ...

Updated for tax year 2024. You’ve probably heard the phrase, “You can deduct that,” a lot around tax season. But ...

Senate Majority Leader John Thune (R-SD), flanked by Sen. John Barrasso (R-Wyoming), Sen. Mike Crapo (R-Idaho) and Sen. Lindsey Graham ...

Business owners with multiple entities often transfer funds between their companies. These transfers are often accounted for in an inter-company ...