ARTICLES

You can deduct capital losses to offset gains and reduce up to $3,000 of ordinary income each year. Losses beyond that can be carried forward. Be aware of the wash sale rule and special rules for claiming losses on worthless stocks.

If your deductions exceed your standard deduction, you can itemize. Consider deducting your mortgage interest, taxes, and medical expenses.

Maximize tax savings with home office deductions. We’ll help you claim them correctly, determine eligibility, and optimize your return.

Deduct travel between business sites but not commuting. Self-employed can claim costs now; employees must wait until 2026, pending tax law.

Business party food & beverages may be 100% tax-deductible! Learn the rules for deducting business meals and entertainment expenses.

Deduct business travel costs like transport, lodging, and meals (50%) if necessary, reasonable, and documented. Rules vary; get advice!

TCJA limits vehicle deductions however, self-employed CAN claim work miles, while others can only claim medical, charity, & military moves.

Plan tax-saving strategies for 2024. Maximize deductions, delay income, contribute to retirement, and donate smartly from IRAs.

Remote work is on the rise. Self-employed? You may qualify for tax deductions if you use your home office regularly and exclusively.

The end of the year is fastly approaching. Here are some strategies business owners can adopt to reduce their tax bill.

If you donate valuable items to charity and wish to claim a tax deduction, you may need a gift appraisal. Here's what you need to know.

Owning a home that has increased in value is typically beneficial. However, the federal income taxes owed from the sale can be complex.

Thorough record-keeping and legitimate business expenditures are very important for less painful IRS audits.

Are you purchasing a vacation rental house or already own one? You might be curious about the tax implications of renting it out.

As a traveling business owner with your spouse, you may consider claiming your travel expense as deductions. Discover what is deductible.

Do you have a traditional or Roth IRA? Did you know your contributions can be used as a tax deduction? Learn how.

Did you donate to charity last year? Make sure you have the proper documentation in order to submit along with your returns.

If you’re concerned about your 2023 tax bill, here are four quick strategies that may help you trim your taxes before year end.

If you operate a business vehicle, you may wonder how depreciation tax deductions are determined. Read to understand more on how to deduct.