We have put together an expert-led guide of what you can claim on your tax return this year, from handbags to working from ...

Prior to the TCJA, employees and contractors could claim business-related expenses. As of 2017, employees can no longer write off expenses, even if the expenses are related to their work and are ...

You can claim Social Security as young as age 62, but you're not actually eligible for the full benefit you've earned based ...

You can also deduct certain expenses incurred during the startup phase of your business. The rules aren't as straightforward as those for deducting operating expenses, however. Launching a new ...

One of the most important decisions you'll make regarding your Social Security benefits is when to sign up. It sounds simple ...

To claim qualifying medical expenses on your tax return, you’ll need to complete Schedule A and file it with your Form 1040. If you’re using one of today’s best tax software products , it ...

That means you can deduct all of the expenses that any other small business owner is allowed to. Unlike deductions mentioned above for W-2 employees, these deductions are claimed on your business ...

Deducting vehicle expenses is essential for reducing taxable income when running a business. The actual expenses method allows businesses to deduct the actual costs incurred for vehicle use, such ...

However, since 2018, most taxpayers can no longer claim unreimbursed business expenses unless they fall into these specific categories. Article Sources Investopedia requires writers to use primary ...

HOUSTON - Social media has been buzzing with posts about taking tax deductions for your pet. But are they true? Can Fido or ...

You can claim either your actual expenses or use the business mileage rate to calculate how much to enter on this line. This deduction can be valuable to anyone with their own business ...

Penalties of 25% to 75% of the tax owed may apply for falsely claiming deductions. The more dishonest the claim, the higher ...