Qualifying For The Home Office Deduction
Working from home isn’t new, especially for self-employed people. But during the height of the pandemic, millions of jobs were moved from employers’ premises to employees’ private homes. Many of …
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Robust Depreciation Write-Offs for Business
When your business places newly acquired qualifying assets into service, tax-saving benefits are generally available. Under Section 179 of the tax code, businesses can take substantial depreciation deductions, with limits …
Raising children? The Child Care Tax Credit is still available.
Raising children is expensive. Although some of the enhancements of the Child Tax Credit (CTC) have expired, this valuable credit is still available for eligible parents of children under age …
Married Filing Separately: When It Makes Financial Sense
For most married couples, filing a joint tax return tends to result in the lowest overall tax liability. However, there are specific circumstances where filing separately can be more advantageous. …
5 Key Tax Questions Answered for 2025
As we approach tax season, your immediate focus might be finalizing your 2024 returns. However, now is the perfect time to start planning for 2025. Inflation adjustments have brought changes …