A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

The upside? You can deduct qualifying business expenses on your taxes to lower your overall tax liability. But how do write-offs work? Here’s what you need to know. Writing off small business ...

There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be ...

Revenue agents will also want to make sure that there is a valid business purpose for the write-offs and that there are no shenanigans going on, such as taking deductions for personal expenses.

In this article, we'll look at some of the more popular home business write-offs, as well as some tips on how you can legitimately claim them. Keep detailed receipts for all expenses you deduct.

Tax season is here, so thoughts naturally turn to finding ways to save money. While most people stick to standard deductions ...

We found at least 10 tax write offs and breaks that New York residents can use to save money with the IRS. Here's the legal ...

Some people who work from home can deduct their business-related expenses, and there is also something called the "home office tax deduction" that lets you write off expenses for the business use ...