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| Tax Information |
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Tax Information
More Articles from Tax Information: 'One Big Beautiful Bill' offers Americans lots of tax benefits. Here are a few to plan for USA Today How Republicans Supersized Silicon Valley’s Favorite Tax Break The New York Times What to Know about “No Tax on Overtime” and “No Tax on Tips” National Association of Home Builders | NAHB Most U.S. adults think the GOP tax bill will help the wealthy and harm the poor, AP-NORC poll finds PBS Taxing thoughts Princeton University Press Ocean City Council passes 3% tax on rentals booked on third-party services like Airbnb 6abc Philadelphia Navigating Massachusetts Taxes after Relocation: Key Takeaways from Welch v. Commissioner of Revenue JD Supra AG charges Schuylkill Haven man with felony theft for unpaid taxes Republican Herald Tax hike proposal is bad business Mackinac Center No Tax on Overtime and Tips: What City Employers Need To Know League of Minnesota Cities Taxes on social security, new college accreditor, flash flooding and weekly news briefing WJCT News 89.9 New Castle County's tax base has shifted in new assessment. Some businesses get a break The News Journal Slotkin lays out changes to taxes, Medicaid and food assistance programs at Tuesday town hall Michigan Advance Department of Taxation and Finance dos.ny.gov Ohio House Republicans will try to override Gov. DeWine property tax vetoes Ohio Capital Journal One Big Beautiful Bill: How are North Carolina Tax-Exempt Organizations Affected? Ward and Smith, P.A. Republican Tax Bill Is a Losing Deal for Gamblers The New York Times The federal government temporarily cut taxes on tips and overtime. What does that mean for Colorado state taxes? Colorado Public Radio Wealth tax could ease UK budget gap — or send millionaires packing Courthouse News Service Tax savings for seniors The American Legion Guest column: The truth about Oregon's lodging taxes bendbulletin.com State looks at ways to ease burden of property taxes newscentermaine.com Playing for the Yotes | S.D.'s low taxes | Daugaard's legacy | Introducing Mike | Fargo comedy's Capitol clash The Dakota Scout He Helped Big Companies Dodge Taxes. Now He’s Writing the Rules. The New York Times Property tax sales threaten the American Dream for local homeowners 6abc Philadelphia Nebraska ends fiscal year $86 million short on expected tax revenues Nebraska Examiner Most US adults think the GOP tax bill will help the wealthy and harm the poor, AP-NORC poll finds AP News Missouri lawmakers begin dive into property tax problems Missouri Independent Small Business Update: One Big Beautiful Bill, Taxes, and Tariffs U.S. Chamber of Commerce Seattle’s Proposed Business and Occupation Tax Changes on Small Businesses Washington Policy Center Opinion: Stephen Colbert got tangled in the ‘Trump transaction tax’ — and it affects all investors MarketWatch St. Johns fire union warns tax cut could jeopardize service Jacksonville Today How Much Will Universities Pay in Endowment Tax? American Enterprise Institute Truemed, a Start-Up Run by an RFK. Jr. Aide, Gives Tax Breaks for Meat and Mattresses The New York Times Why Washingtonians are rushing to go green The Seattle Times Customers were already tipping less. ‘No taxes on tips’ could shrink workers’ pay even more. MarketWatch Lexington school board members plan to diversify from reliance on property tax revenues Mansfield News Journal Back-to-school tax free weekend begins WBRC 6 News $2.2B RIA Resonant Merges with Tax Firm QBCo WealthManagement.com Rum, Fisheries and a Sculpture Garden: The Quiet Winners in Trump’s Big Bill The New York Times Trump’s Auto Loan Tax Break Could Save Working-Class Buyers Thousands, Experts Say CPA Practice Advisor Harris County commissioners awaiting details on Judge Lina Hidalgo's penny child care tax increase plan ABC13 Houston Garfield County residents can now pay property taxes in monthly installments through third-party escrow service Post Independent 1.7 million Texans could lose health coverage under expiring tax credits, ACA changes in GOP megabill The Texas Tribune Letter: County Commissioner Bjerke says tax increases likely if proposed tax incentive passes Grand Forks Herald Brookfield and Riverside diverge on 1% grocery tax Riverside-Brookfield Landmark Activists try to preserve IRS’s Direct File now that Trump has ended it The Washington Post Taxes are democracy’s price of admission Riverside-Brookfield Landmark NTRA Partners with Dean Dorton to Host Webinar on Tax Implications from O.B.B.B Act Thoroughbred Daily News Florida back-to-school sales tax holiday starts Aug. 1. See list of all items included Daytona Beach News-Journal It doesn’t have to be welfare versus warfare. Changes that make tax fairer could fund both The Conversation Kazakh President Signs New Tax Code The Astana Times OPINION: Property taxes are frustrating; here’s how you can speak up DerbyInformer.com Wyandotte County approves increasing max mill levy rate, property taxes set to increase KSHB 41 Kansas City Airbnb now charged with collecting Suffolk County occupancy tax instead of hosts in new agreement Newsday |
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As a home-based business professional, there are a number of deductions you are entitled to which many tax preparers often miss. For example, if you run a home office you are entitled to deduct expenses for the percentage of square footage the home office is occupying. Expenses include the combined total of mortgage interest, property taxes, utilities, repairs, etc. For example, if 250 square feet of a 1,000 square foot house is being used for a home office, you are entitled to deduct a quarter of your total expenses. Although some deductions may seem minor, over an entire year, they can add up to thousands of dollars that you are unnecessarily paying the IRS. That is money that you could be using to grow your business. Karen McClafflin, owner of home-based Secret Canyon Realty in Colorado Springs, CO, was able to recover $11,000 when her tax preparer failed to include home office and automobile deductions in her past returns. 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