If you’re a landlord, your rental property not only brings you extra income but can allow you to write off tax deductions to lower your tax liability. From repairs and maintenance to mortgage interest ...

If you use your home for your business -- whether to greet clients, work on bookkeeping or store roofing supplies -- you may be entitled to deduct home office expenses from your business income. That ...

Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses. Self-employed individuals and freelancers can deduct costs such as rent, utilities ...

Becoming a residential landlord or owning a commercial property comes with new tax responsibilities. Learn more about how to handle your tax situation. If you become a professional or part-time ...

Home-based business owners often use part of their home to conduct some or all their business activities. When your business meets the requirements set by the Internal Revenue Service, you are ...

Forbes contributors publish independent expert analyses and insights. Leading writer and speaker in the area of trader tax benefits. Since 1999, the home-office deduction is no longer a red flag — ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Lea Uradu, J.D., is a Maryland state ...

Q: I am a sole practitioner and work from home. My computer, supplies, phone, etc., are at the home office. I do have an outside office available to me if needed, but it is part of a “virtual rental” ...

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

Tax season has been quite different in 2021 compared to years past. Due to the circumstances of 2020, the IRS has extended the tax filing and payment deadline to May 17 for individuals -- including ...