Expenses like a home office, car, insurance, and even your education bills could get you a big tax break Katharine Paljug is a financial writer and editor with over a decade of industry experience.

There are a number of deductions to keep in mind for self-employed individuals. Lisa Greene-Lewis, CPA and TurboTax tax expert, provides a guide to tax savings. Whether you are a freelancer or have ...

Are you a sole proprietor running your own small business? If so, you have to wear many hats, and one of the least enjoyable but most important ones is the tax accountant hat. It takes planning and ...

Taking on a gig job means taking on new tax responsibilities. You might not think you’re in business, but if you’re reselling items online, tutoring or pet sitting, for example, the money you make is ...

Dawn Allcot is a full-time freelance writer, content marketing specialist and author who writes about finance, real estate, insurance, travel, small business, e-commerce and technology. Her lengthy ...

Tax Code 179, the special deduction to write off equipment in the year purchased, was extended permanently in 2015 legislation. This has been further liberalized by the Tax Cuts and Jobs Act (TCJA) ...

Employees have it relatively easy when it comes to paying taxes. Their employer withholds taxes from each paycheck and sends the money to the federal (and sometimes state) government. Employees pay ...

While Americans are most commonly insured through their employers, you will need to shop for your own individual or family plan if you are self-employed. [1] The Health Insurance Marketplace is ...

The Ascent brings financial expertise, trusted advice, and unbiased analysis to the world of daily personal finance decisions. Our mission is to help you live more richly. Brittney started her writing ...

Below is our annual guide to Tax Code Section 179 for self-employed and business owners who buy a vehicle. This guide encompasses qualifying vehicles purchased in the 2023 calendar year. Tax Code 179, ...