Learn how to calculate depreciation for tax deductions using GAAP methods like straight-line and declining balance for optimal savings.

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's what you need to know.

Discover how same-year tax deductions apply to capital expenditures, with insights into Section 179 deductions and the difference between CapEx and OpEx for tax purposes.

The White House has reported that, on average, Americans will receive about $1,300 more in their pocket through the deduction.

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 ...

The IRS issued new guidance to examiners in its Large Business & International (LB&I) Division regarding how to determine which taxpayer is entitled to claim the Sec. 199 domestic production ...