The Retirement Savings Contributions Credit rewards entrepreneurs who contribute to qualifying plans by allowing them to take a credit.
Adobe Creative Suite and other tools designers use for their business are tax deductible with the software and online subscription tax deductions.
The IRS allows you deduct state and local income taxes when you prepare your federal tax return. To understand more, read here.
Being self-employed, you may be ables to deduct clothing costs for business. Find out what type of clothing is deductible and if you're eligible.
Fringe benefits can be a strategic method for an employer to save on taxes while still benefiting the employee. Find out more about the tax implications here.
Despite the tax benefits of hiring a contractor, you should carefully consider how the people you hire should be classified. Read how this can affect you.
Did you know a portion of business startup costs you incur and some organizational costs you incur can be deducted in the year you open your business?
You can deduct the state sales tax you pay on your everyday transactions as an artist but only if they are for operating your business.
If you are a business owner who subsidizes all or a portion of your employee's health care coverage, you may be eligible to claim a tax credit. Read more.
If you incur costs throughout the year that pertain to membership fees or union dues, these could all be considered deductible business expenses.
