The House-approved tax bill could end the popular ‘SALT’ deduction workaround for certain pass-through businesses. Here’s ...

On May 28th, the U.S. Tax Court issued a decision in Soroban Capital Partners LP v. Commissioner (T.C. Memo 2025-52) holding that all of the ...

Most then received no tax benefit. This was not equitable treatment compared to employees, and Congress decided to create a deduction for the self-employed. Initially this deduction was limited to ...

Are you self-employed and wondering how to maximize your tax deductions for tax year 2024? Here’s a look at the best tax write-offs you don’t want to miss: 1. Qualified Business Income If you ...

Those extra expenses make claiming any available tax deductions all the more important. Here are five you should be sure not to overlook. If you are a self-employed person who works out of your ...

“By staying organized and planning ahead, self-employed individuals can take full advantage of the tax code and save thousands of dollars.” Maximizing Deductions: The Key to Reducing Taxable ...

Deductions, also sometimes called tax write-offs, are eligible expenses that you can deduct on your return to lower the amount of income that gets taxed. There are many valuable self-employment ...

Here’s a look at some of the most generous tax deductions that are available to the self-employed. The home office deduction can be one of the most generous available to self-employed individuals.

If you have a side hustle — or are full-time in business for yourself — you might qualify for self-employment tax deductions. These deductions can lower your taxable income, and save a bundle ...