Financial advisors serving business owners likely know the basics about business expense deductions, particularly that such deductions are allowed only for “ordinary” and “necessary” expenses paid or ...

Let’s face it — tax season can be stressful. This is especially true for self-employed individuals and small business owners searching out every self-employed tax deduction and navigating other small ...

Older taxpayers now have access to some of the most generous standard deduction rules on record, and the stakes are high for anyone trying to stretch retirement income. The federal tax code offers an ...

A bigger standard deduction, changes in the itemizing rules and new temporary deductions all complicate the decision. Here’s how to choose the option that’s best for you. When it comes to federal ...