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Tax Deductions and Credits
Tax credits directly cut taxes while deductions and exemptions reduce taxable income. Income adjustments are additional deductions that do not require itemizing.

Home-Based Business Owners: 10 Tips to Ensure a Smooth Tax ...

www.freshbooks.com/blog/home-based-business-tax-tips

Jan 10, 2016 ... In the past, you had to calculate percentages for a deduction. But since 2014, home-based business owners use a simplified method. You can ...

Home Office Deduction - IRS.gov

www.irs.gov/businesses/small-businesses-self-employed/home-office-deduction

Sep 27, 2016 ... If you use part of your home for business, you may be able to deduct expenses ... Taxpayers using the regular method (required for tax years 2012 and ... deductions for a home office are based on the percentage of your home ...

12 Small Business Tax Deductions | Bankrate.com

www.bankrate.com/finance/taxes/dozen-small-business-deductions-1.aspx

The tax agency says it must be a space devoted to your business and ... That percentage is the fraction of your home-related business expenses -- rent, ...

The Home Office Deduction - TurboTax Tax Tips & Videos

turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/The-Home-Office-Deduction/INF12067.html

To qualify for the tax break, your day care business must meet any ... Your home office business deductions are based on the percentage of your home used for ...

6 Home Based Business Tax Deductions You Don't Want to Miss

www.thebalance.com/home-business-tax-deductions-4000322

Aug 12, 2016 ... Don't miss these Canadian home based business tax deductions if you're running a business out of your home.

75 Items You May Be Able to Deduct from Your Taxes - Entrepreneur

www.entrepreneur.com/article/219474

Apr 12, 2011 ... Consult this list of 75 possible tax deductions for business owners. ... 50 percent) or the home-office deduction, which is based on the square ...

Secrets Of Claiming A Home-Office Deduction - Forbes

www.forbes.com/sites/nextavenue/2013/02/08/secrets-of-claiming-a-home-office-deduction/

Feb 8, 2013 ... I suspect many people with home offices forgo the tax breaks ... you can't write off more than the amount of your home-based business income.

Get The Biggest Tax Write-Off For Your Home Office - Forbes

www.forbes.com/sites/nextavenue/2014/02/11/get-the-biggest-tax-write-off-for-your-home-office/

Feb 11, 2014 ... There's a brief video about the simplified home office deduction on the IRS's ... Lisa Greene-Lewis, Turbotax's CPA and Tax Expert, based in San Diego. ... that benefit your home office in order to calculate their “business use.

Top 10 Home Business Tax Tips | Investopedia

www.investopedia.com/articles/professionaleducation/11/home-business-tax-tips.asp

May 5, 2016 ... It is said so often that it has become a bit of a cliché, but one of the great virtues of starting a home business are the tax breaks you can claim.