Tax Newsletter Archives

Featured credits and deductions for businesses

Deductions Qualified business income deduction Many individuals, including owners of businesses operated through sole proprietorships, partnerships, S corporations, trusts and estates may be eligible for a qualified business income deduction, also called the section 199A deduction. Some ...

Home office deductions

Small business owners may qualify for a home office deduction that will help them save money on their taxes, and benefit their bottom line. Taxpayers can take this deduction if they use a portion of ...

Tips for students with summer jobs

With summer almost here, many students will turn their attention to making money from a summer job. Not all the money they earn will make it to their pocket because employers must withhold taxes from ...

Upcoming Tax Deadlines

June Day 10 Employees Who Work for Tips - If you received $20 or more in tips during May, report them to your employer. You can use Form 4070. 17 Individuals - If you’re a U.S. citizen or resident alien ...