As your business's income grows, your tax bill will become more painful each year. We have a progressive tax system, which means most people pay less taxes on their first dollar of income than their ...

Bianca started her massage therapy business three years ago after getting her license. She began by offering in-home services to the local area. However, as more referrals poured in, her business ...

The federal government requires businesses to reimburse employees for mileage only if failure to do so lowers their net pay below minimum wage. A tiny handful of states have laws that obligate ...

Gas prices at the pump took one crazy trip in 2022 – and it's going to add another layer of complexity for those who claim mileage deductions on their 2022 tax returns. What exactly is the standard ...

Driving for business, charity or medical reasons this year? You may be able to deduct those miles on your taxes using the IRS standard mileage rate. For 2024/25, these rates have changed, and knowing ...

These seven common deductions draw IRS scrutiny — not because they're suspicious, but because most people document them wrong ...