Let’s face it — tax season can be stressful. This is especially true for self-employed individuals and small business owners searching out every self-employed tax deduction and navigating other small ...

In a recent case, a New York City Administrative Law Judge (“ALJ”) determined that the City’s unincorporated business tax (“UBT”) did not impose a second, discrete requirement that a deduction need be ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

President Donald Trump’s One Big Beautiful Bill Act (OBBBA) raised the state and local tax (SALT) cap deduction to $40,000 from the previous $10,000, as previously reported by GOBankingRates. For ...

In a case of first impression for the Eleventh Circuit, the court affirmed a Tax Court holding that expenses of activities not engaged in for profit, i.e., hobbies, are allowable only as miscellaneous ...

March 12, 2025 Add as a preferred source on Google Add as a preferred source on Google With the April 15 deadline right around the corner, you want to ensure you're taking advantage of all the ...

Now that your 2025 tax return has been filed — hopefully so, anyway — it’s possible you’d rather think of almost anything else. But while the topic is fresh in your mind, it’s worth considering ...

The standard deduction is the dollar amount that reduces the amount of income on which you are taxed. And, for tax year 2023, that figure has changed. Standard vs. itemized According to the Internal ...

Ever notice in those reality shows, like "House Hunters," focused on residential real estate and home renovations, that everyone wants a home office? There's a good reason for that. That extra home ...