#tax-deductions

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Sacramento Bee
2 weeks ago
California

California legalized weed, then businesses started suffering. How federal rescheduling would help

Rescheduling marijuana to Schedule III could benefit California pot businesses financially by allowing certain tax deductions. [ more ]
Technabob
1 month ago
Bootstrapping

15 Tax Write-Offs Self-Employed People Can Use to Save Big

Self-employed individuals have to manage their own taxes, making it vital to take advantage of deductions to save money.
Various business expenses, such as home office setup, office supplies, internet/phone services, and education/training, can be deducted for tax purposes. [ more ]
The Nation
2 months ago
Social justice

The IRS Finally Takes the Gloves Off

IRS crackdown on personal use of corporate jets as business expense
Increased scrutiny on wealthy individuals filing returns over $1 million per year [ more ]
SFGATE
2 months ago
SF real estate

Tax Deductions for Renters: How To Use Your Rent Costs to Your Advantage

Renters can qualify for valuable tax deductions related to self-employment or property taxes.
Homeowners are not eligible for the home office tax deduction, but renters may benefit from this deduction. [ more ]
www.cbc.ca
3 months ago
Canada news

The 2024 tax season kicks off Monday. Here's what you need to know | CBC News

New tax season changes for Canadians, 2024.
Introduction of the First Home Savings Account (FHSA) as a new deduction option. [ more ]
Flipboard
3 months ago
Canada news

Tax Season in Canada

Take advantage of all available tax credits and deductions to reduce your tax bill and potentially increase your refund.
Stay informed about changes and updates to tax laws to ensure you're taking advantage of new opportunities. [ more ]
Truthout
4 months ago
Left-wing politics

Bipartisan Tax Bill Offers Generous Corporate Tax Relief, Inadequate Poverty Aid

The Tax Relief Act includes provisions to partially reinstate Biden's expanded child tax credit and increase the Low-Income Housing Tax Credit.
The legislation also provides new deductions and tax claims for corporations, potentially amounting to hundreds of billions of dollars. [ more ]
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