The Tax Cuts and Jobs Act (TCJA) has reshaped the landscape of tax deductions for employees. Understanding these changes is ...

Small-business owners and freelancers who work at home can still itemize tax deductions for expenses like rent, mortgage ...

The rules are strict around who is eligible to deduct a home office, and calculating the deductions can be complicated.

Working for yourself can have a lot of benefits, but taxes are generally not one of them. When self-employed, you are ...

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

Colorado's second-highest court ruled on Thursday that employers cannot deduct from employees' wages any costs that are ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

Richards notes that there are a few states that still allow employees to deduct unreimbursed home office expenses that are required for full-time work. The TCJA is set to expire at the end of 2025 ...