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| Tax Information |
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Tax Information
More Articles from Tax Information: Trump’s Payroll-Tax Deferral Creates Predicament for Congress The Wall Street Journal Poll of California voters finds resistance to new taxes Sacramento Bee China slaps 200% tax on Australia wine amid tensions The Associated Press Federal tax hit could take many unemployed people by surprise San Francisco Chronicle Readers React: Our roads are in bad shape despite higher taxes The Morning Call Cigarette Taxes and Cigarette Smuggling by State, 2018 Tax Foundation These Tax Moves Could Save You Serious Money -- but You'll Need to Make Them Soon Statesville Record & Landmark State must limit tax burden to aid recovery Seattle Times Small businesses that took PPP aid may face a tax problem Minneapolis Star Tribune Spokane City Council considers new sales tax to fund affordable housing The Spokesman-Review Schuylkill to hold taxes level – Times News Online tnonline.com Barre's tax rate keeps climbing | Pandemic 2020 | timesargus.com Barre Montpelier Times Argus Mayor claims tax issue is mixup Odessa American How the proposed school reorganization would change taxes Williston Daily Herald Lawmakers seek tax relief for Manhattan mom and pops New York Daily News Vista’s Sheth Resigns Weeks After CEO Smith Settles Tax Probe The Wall Street Journal Tax deal will help Fairfield Commerce Park development The Cincinnati Enquirer Property owners may still be able to pay delinquent taxes Log Cabin Democrat It’s Easier to Get a Tax Deduction for Donations This Year The New York Times Don't burden hardworking Alaskans with new taxes Anchorage Daily News Johnson County residents receiving tax statements in their mailboxes Kansas City Star Lafayette will vote on changing two sales taxes on Dec. 5. Here's what that means - Daily Advertiser Fact-Checking Trump’s Claim That He ‘Prepaid Millions’ in Income Taxes The New York Times Trump Tax Write-Offs Are Ensnared in 2 New York Fraud Investigations The New York Times Washington County bringing in more property tax revenue due to growth Observer-Reporter Columbus man charged with felony theft of state withholding taxes Channel3000.com - WISC-TV3 Why the governor can propose a tax cut Log Cabin Democrat Doylestown contractor charged with tax fraud | Regional news Beaver Dam Daily Citizen Somers town and village tax levy to increase 1.4 percent; village tax rate projected to drop Kenosha News Businesses get tax hikes Corvallis Gazette Times City tax levy, budget to go before City Council final vote next month DeKalb Daily Chronicle DuPage County doubles gas tax Chicago Daily Herald DeKalb bars, restaurants not seeing enough sales to justify city tax rebate, say city officials DeKalb Daily Chronicle Meadville City Council members all on board with tax increase Meadville Tribune The Tories cannot avoid the tax question forever Financial Times Partnerships and S corps. can deduct state and local taxes Journal of Accountancy Northborough single family home tax bill will see a slight decrease in FY21 Community Advocate State Tax Revenue Rebound The Wall Street Journal Cranberry Township Anticipating $1 Million Loss In Tax Revenue butlerradio.com Roth IRA Conversions: Pay Now, Live Tax-Free Later Kiplinger's Personal Finance Weber County officials don't foresee general fund property tax hike in coming years Standard-Examiner Proposed Yorkville School District property tax levy shows increase Kendall County Now 2020 Year-End Tax Planning Guide - Tax - United States Mondaq News Alerts Tax Trends And Tips To Look Out For In 2021 - Tax - Luxembourg Mondaq News Alerts Austin billionaire Sheth leaving Vista Equity in wake of Smith tax scandal Austin American-Statesman 2021 Tax Brackets and Other Tax Changes Investopedia President Trump's Taxes: A Reader’s Guide The New York Times Republicans, Not Biden, Are About to Raise Your Taxes The New York Times How a Century of Real-Estate Tax Breaks Enriched Donald Trump The New York Times As Soon as Trump Leaves Office, He Faces Greater Risk of Prosecution The New York Times UK health professions call for climate tax on meat The Guardian |
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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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