The general rule is that any ordinary and reasonable expense you pay while conducting a business activity is deductible in ...

Traders like to go long and short to play both sides of the market. The IRS has special tax rules for short sellers, and in this blog post, I focus on how to deduct stock borrow fees vs. interest ...

Here are 15 big self-employment tax deductions and tax benefits that could slash tax bills for freelancers, contractors and other people who work for themselves.

So, an older, self-employed professional with a pass-through income of $370,000 can use a solo 401(k) plan to deduct $73,500 from income taxes and get the pass-through deduction.

The property tax deduction is great for homeowners. Here's how it works in 2025 and what you can do to save money. ... Your local taxing authority can give you a copy of the tax bill for your home.

There is simply no authority for that position, and Rev. Rul. 82-208 is authority against that position. The payment sent to a state or local government before 2018 to apply against 2018 tax liability ...

Deduction Versus Amortization of Start-Up Costs: ... Because there was no statutory authorization for that result, those expenditures of Kellett could not be deducted in 2015.

July 1 (Reuters) - UMS United Medical Systems International AG : * In course of a special VAT audit, fiscal authority has announced to deny UMS AG's entitlement to deduct input tax for 2014 until ...

Starting Oct. 4, an authorization to deduct dues will expire if it was not authorized or reauthorized in the previous year. Beginning in 2022, the state will discontinue “agency” fees, ...

Blanket Deduction Authorization. When the amount of the deduction is not known at the time of signing, the employer’s only option is a blanket deduction authorization, ...