Tax Tips for Professionals
Hoping to lower your tax bill? Many professionals miss tax deductions each year because they aren’t aware of them or fail to keep the necessary records required to substantiate such deductions. Below are some of the tax deductions that are often missed. 1. Local transportation: Professionals can deduct the costs of local transportation expenses if […]
The Home Office Tax Deduction
When you use part of your home for business, you may be able to deduct expenses for what the IRS calls the “business use of your home.” If you meet the technical requirements of the tax law, you should be able to deduct a percentage of many of the costs of running your home, such […]