The Internal Revenue Service (IRS) has announced major revisions to the U.S. tax code following the passage of the One, Big, ...
Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...
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Home office tax deduction explained: When you can write off home office expenses
The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's ...
Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...
For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...
Notice 2026-11 from the IRS provides guidance on the permanent 100% additional first-year depreciation deduction provided by ...
A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the ...
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