A $1.55 billion package of 'bonus' tax deductions is expected cost even more in forgone tax revenue, according to new Treasury estimates.

Without this tax benefit, many child care businesses may face increased pressure to raise tuition or risk closure.

Entrepreneurs have no shortage of responsibilities — or business expenses — that can often feel overwhelming, especially during tax season. Fortunately, small business owners are often ...

Created as part of the 2017 Tax Cuts and Jobs Act (TCJA), the 20% Small Business Tax Deduction allows small business owners to deduct up to 20 percent of their business income, bringing their tax ...

Everything from office supplies and furniture to the cost of business insurance to legal fees can qualify for a deduction on the Schedule C tax form. Though you may not need to attach a receipt ...

To help offset the self-employment taxes, there are quite a few deductions you can take to lower your business income. See if you qualify for them.

Charitable giving and disaster relief, renting to family members, changes to value-added tax, the Fries Rebellion, tax filing deadlines, industry updates and more.

Taxpayers who donate to charitable causes can use a federal income tax deduction to reduce what they owe the IRS. However, only those who itemize their deductions can take advantage of it.