Make sure you claim all the expenses you can when you prepare your 2025 income taxes. We’re here to help you minimize your tax obligation and get the most money back from the IRS.

The difference between income and expenses is simple: income is the money your business takes in and expenses are what it spends money on. Your net income is generally your revenue, or all the money ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed ...