With a number of IRS updates and new rules passed through the 2017 Tax Cuts and Jobs Act, tax payers should make sure to review changes in standard deductions that took effect January 1, 2018, and ...

You don't have much choice when it comes to whether to pay your taxes, but you can decide how to approach your tax deductions -- those allowable subtractions that can lower the amount you owe in taxes ...

The structure of the traditional job market has shifted drastically in recent years and as more Americans are working from home, it’s important that they are correctly and accurately claiming home ...

One of the most popular deductions taken by self-employed taxpayers is the home office deduction. In fact, according to the latest data from the IRS, nearly 3.4 million taxpayers claimed the deduction ...

Kemberley Washington is a former staff writer at Forbes Advisor and provides consumer-friendly tax tips for individuals and businesses. Her work goes beyond tax articles. She has been instrumental in ...

Home-based business owners often use part of their home to conduct some or all their business activities. When your business meets the requirements set by the Internal Revenue Service, you are ...

Anyone who uses a car for business should know the costs associated with the miles you drive for your business are tax-deductible. Most years, when the IRS publishes its deductible cost-per-mile rates ...

Working at home has come a long way from the days when employers were most concerned that they would not get their money’s worth if they allowed employees to do so. Instant communication, improved ...

The Fifth Circuit Court of Appeals upheld a Tax Court decision that a change in accounting method occurred when the IRS disallowed an accrual-basis taxpayer’s deduction for inventory purchased on ...