Drivers who use their vehicles for business purposes may be eligible for a tax deduction ... business expenses. For self-employed individuals and rideshare drivers (such as Uber and Lyft), you ...

Any professional services you pay for and use for your business, such as legal fees or tax preparation by a CPA, are considered ordinary and necessary expenses and qualify as deductions.

Now it’s time to file a tax return ... can deduct expenses for your home office. Workers must meet certain criteria to deduct a portion of their rent or utilities. Itemized deductions: If ...

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But the same tax deduction benefits that apply for home equity loans are also applicable to HELOCs, thus adding another benefit to consider if you rather pursue the credit line. Just be sure to ...

Shares of Lyft Inc. plunged after the company gave a disappointing outlook for first-quarter gross bookings, warning that cold weather has hurt demand for ride hails and bike rentals. Gross ...

The home office deduction allows some filers to claim a tax break for expenses incurred working remotely. If you were a W-2 employee in 2024 — meaning your company withholds taxes from your ...

which is the amount any taxpayer can deduct regardless of their actual expenses. In the 2024 tax year (for which returns are due April 15, 2025), the standard deduction is $14,600 for single ...