Vehicle Sales Tax Deductions Explained

Vehicle couple

Many taxpayers are aware that you can deduct business use of a personal vehicle on your taxes. Often overlooked, however, are other vehicle tax deductions. The largest of these deductions is usually the vehicle sales tax deduction, and it can make a big dent in your tax liability. Here’s what you need to know about … Read more

The Simplified Home Office Tax Deduction Explained

Home office

The home office deduction is one of the most often misused tax deductions available, and it can get taxpayers in hot water with the IRS. It can be difficult to determine whether or not you can take the home office deduction at all, and taking it requires meticulous record-keeping. To ease this problem, the IRS … Read more

The Best Self-Employed Tax Deductions for 2021

working on laptop

As a small business owner, you probably won’t manage to reduce your tax liability as low as some of the infamously rich, but that doesn’t mean you shouldn’t try. There are several self-employed tax write offs you can use to save on your tax bill. The trick is to find them and then use them … Read more