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Tax Information
More Articles from Tax Information: These 9 states are cutting income taxes on Jan. 1. Here's where taxpayers will get a break. CBS News 10 policies Republicans could use to pay for new tax cuts The Washington Post Tesla Cybertruck Just Got A Lot Cheaper Investor's Business Daily Tax debate hangs heavy over approaching Washington legislative session Washington State Standard Iowa's income tax rate is dropping on Jan. 1. Here's how much and what that means: Des Moines Register Arizona Rental Tax Repeal in 2025: What You Need to Know Kiplinger's Personal Finance Georgia, Rhode Island repealed car taxes. Could Youngkin’s plan lead to an elimination in Virginia? Virginia Mercury It's Getting Harder and Harder to Hide from Social Security Benefit Taxes. How to Prepare If You'll Owe Them in 2025. The Motley Fool Homeowner tax credit should be simpler in its second year, tax commissioner says North Dakota Monitor Majority of municipalities hold line on property taxes New Castle News Sid Salter: Hard debates ahead over Medicaid, highway funds, PERS, and taxes The Commercial Dispatch New year brings property tax relief, data privacy, inspection changes into effect in Texas KFOX El Paso Georgia and Rhode Island repealed car taxes. Can Youngkin pull it off in Virginia? The Daily Progress Several States Announce Major 2025 Tax Changes: What It Means for You - Kiplinger's Personal Finance Several States Announce Major 2025 Tax Changes: What It Means for You Kiplinger's Personal Finance 1099-K Reporting Change for the 2025 Tax Season Kiplinger's Personal Finance New year begins with lower state taxes for all Hawaii Tribune-Herald Wisconsin EV owners to pay more taxes to recharge on the road in 2025 Wisconsin Public Radio News Russian seafood industry says lower tax revenue another sign of its financial crisis - SeafoodSource Thousands of Maryland residents can expect their 2025 property taxes to go up by more than 20% wmar2news.com Online Services home Department of Taxation and Finance STAR resource center Department of Taxation and Finance Housing North to host workshop on housing tax increment financing in Manistee Manistee News Advocate Iowa's income tax rate has dropped to 3.8% Iowa Public Radio Thinking Big as Trump, Congress Tackle Taxes The New York Sun Preparing For Business Taxes News Channel 5 Nashville With Kansas food sales tax eliminated, what is the tax on groceries in Topeka? The Topeka Capital-Journal Snapshot: Peru's telecom projects to be financed using 'works for taxes' BNamericas English Kate Carroll sworn in as Jefferson County’s Tax Assessor-Collector 12newsnow.com KBMT-KJAC File online with Sales Tax Web File Governor.NY.gov New laws on elections, taxes, more now in effect Bryan County News Opinion: The IRS faces more cuts under Trump. Here are three ways that could hurt the economy Los Angeles Times New laws will affect elections, taxes, health care Coastal Courier Lawrenceville increases water, sewer rates; property taxes remain steady The Wellsboro Gazette Clarion County officials finalize 2-mill tax increase The Courier-Express Kansas’ state sales tax on food is ending. How much could you save at the grocery store? Kansas City Star Here’s What to Do Now to Prepare for 2025 Taxes Investopedia Legislature faces hard debates in 2025 over Medicaid, highway funds, PERS, taxes Northeast Mississippi Daily Journal High Property Taxes – Why? AMAC Official Website - Join and Explore the Benefits New 2025 laws hit topics from tax breaks to AI use Finance and Commerce PC Users Group talking income taxes Crossville Chronicle Department of Taxation and Finance Governor.NY.gov Guest Column: No victory on property taxes Williston Observer Berrien County treasurer schedules local meetings to offer help with overdue taxes Harborcountry News What Trump’s second term could mean for New Yorkers’ taxes Crain's New York Business Democratic state senator’s email reveals tax ideas WA lawmakers may debate Washington State Standard Charlottesville would like UVa to pay at least some property tax. UVa isn't so sure. The Daily Progress Property taxes, school shootings and more: Letters Seacoastonline.com In Bucks County, taxes will rise for homeowners in 17 municipalities in 2025. See the list phillyBurbs.com Income tax credits Department of Taxation and Finance Multnomah County Preschool For All Personal Income Tax Multnomah County One percent sales tax back on ballot in April (copy) | The Hawk Eye - Burlington, Iowa Mississippi Valley Publishing GOP Celebrates End of N.H. Interest and Dividends Tax InDepthNH.org How to Avoid Costly Tax Blunders in 2025 The Wall Street Journal Insurance and Taxes Now Cost More Than Mortgages for Many Homeowners The Wall Street Journal |
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As a home-based business professional, there are a number of deductions you are entitled to which many tax preparers often miss. For example, if you run a home office you are entitled to deduct expenses for the percentage of square footage the home office is occupying. Expenses include the combined total of mortgage interest, property taxes, utilities, repairs, etc. For example, if 250 square feet of a 1,000 square foot house is being used for a home office, you are entitled to deduct a quarter of your total expenses. Although some deductions may seem minor, over an entire year, they can add up to thousands of dollars that you are unnecessarily paying the IRS. That is money that you could be using to grow your business. Karen McClafflin, owner of home-based Secret Canyon Realty in Colorado Springs, CO, was able to recover $11,000 when her tax preparer failed to include home office and automobile deductions in her past returns. 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