Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses.

If you opt for the standard mileage rate (67 cents per mile for tax year 2024), you calculate your deduction based on the ...

assuming you used the space "regularly and exclusively" for business, according to the IRS. If you worked remotely in 2024, you may be eyeing the home office deduction. However, qualifying for the ...

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership.

While your primary home landline is not deductible, any other phones your business might be using can get you tax deductions. However, if you use the utilities for your home and business ...

Working for yourself can have a lot of benefits, but taxes are generally not one of them. When self-employed, you are typically left picking up the tab on some of the costs your employer otherwise ...