A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

Working for yourself can have a lot of benefits, but taxes are generally not one of them. When self-employed, you are ...

Do you drive for business, charity or medical appointments? Here are the details regarding claiming mileage on taxes.

The 2024 mileage rate for use of your vehicle to do volunteer work for certain charitable organizations is 14 cents a mile.

There are several tax deductions for homeowners, from interest paid on your mortgage to specific home improvements. Find out if you qualify for these tax breaks.

The self-employment tax rate is 15.3% of net earnings ... It’s an adjustment to income rather than an itemized deduction, which means you don’t necessarily have to itemize to claim it.

Owner-operators' standard per-diem deduction got a boost for the 2025 tax year, while options for depreciating equipment have ...

Small-business owners and freelancers who work at home can still itemize tax deductions for expenses like rent, mortgage ...

The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.

One of fast tax tip to review before filing your 2024 federal income tax return is the IRS mileage rate. It's a much-talked-about deduction ... However, a self-employed taxpayer who files a ...

“By staying organized and planning ahead, self-employed individuals can take full advantage of the tax code and save thousands of dollars.” Maximizing Deductions: The Key to Reducing Taxable ...