Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

Expenses like a home office, car, insurance, and even your education bills could get you a big tax breakFact checked by Vikki VelasquezKey TakeawaysBusiness owners might be able to recover some of the ...

A few months ago, in response to a question from a reader, I discussed the deduction of health care premiums. I received many responses, and several readers raised issues related to this deduction.

Q: I recently started my own business as a sole proprietorship and will be filing a Schedule C with my Form 1040, accordingly. I provide a group medical insurance plan for my two employees and my ...

Question: My son lives in Arizona and receives pension income from the Arizona Retirement System (ARS). He is 64 years old and is now single with no dependents. The ARS allows him to purchase health ...

While some overlap with those available to regular workers, self-employed individuals also have their own unique deductions. It’s important to note that the IRS definition of “self-employment” is ...

Are you self-employed and wondering how to maximize your tax deductions for the 2022 tax year? Here’s a look at 15 of the best tax write-offs you don’t want to miss: — Qualified business income. — ...

Question: I am a consultant operating as a sole proprietorship and file a Schedule C with my Form 1040, accordingly. I provide a group medical insurance plan for my employees and my family. Can I ...

One of the best things about being self-employed is that you are entitled to a whole host of boss-less independence, flexible scheduling and most importantly, tax deductions. While some overlap with ...