Auto insurance can be tax deductible when you use your vehicle for business. Learn what you can write off and how to find the ...

The section 179 deduction allows a small business to take a tax deduction for the entire cost of certain property and equipment in the year it buys that property. That produces a larger, more ...

In a notice of a proposed revenue procedure (Notice 2019-27), the IRS on Tuesday provided methods of calculating W-2 wages for purposes of Sec. 199A(g)(1)(B)(i), which limits the amount of a deduction ...

Self-employed individuals must pay self-employment tax to cover their Social Security and Medicare taxes. The rate for this tax is 12.4% for Social Security and 2.9% for Medicare, for a total of 15.3% ...

Editorial Note: Talk Android may contain affiliate links on some articles. If you make a purchase through these links, we will earn a commission at no extra cost to you. Learn more. Understanding the ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

A home is the largest purchase that most Americans will ever make, so most of them have to take out sizable loans to finance them. While mortgage interest rates are relatively low compared with other ...