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

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

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

But you may be able to take the tax break if you were a freelancer, contractor or self-employed worker ... via "miscellaneous itemized deductions." But that tax break was eliminated through ...

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

“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 ...