If you are currently looking for a new job in the same field or industry in which you are currently or were recently employed, some of your job search expenses may be tax-deductible.

Making legitimate tax deductions can render small businesses more profitable. By paying attention to IRS rules on deductible expenses, such benefits as combining a business trip and family vacation can become a legitimate business expense.

Running a dental practice takes a lot of time and effort, but it also takes money. Fortunately, there are tax benefits for dentists that help to offset these costs.

Many of us wonder, as we prepare our taxes, whether or not some of our expenses are deductible. A tax deduction offers you the chance to offset some of your income, reducing your taxable income and what you owe in taxes. However, some tax deductions are harder to categorize than others.

If you are self-employed, there are a number of common tax deductions that are available to you, many of which you may not even be aware of. Taking advantage of these deductions can significantly reduce how much you will be obligated to pay during tax season.

As the year draws to a close, it’s time to squeeze in some tax deductions and credits that might save you money come April 17th.

An itemized tax deduction is a qualified expense by which a US taxpayer can claim on their Federal tax returns in order to lower their taxable income. Many tax deductions are subject to the 2% limit, which means you can only deduct expenses that are 2% above your adjusted gross income (AGI). However, there are tax deductions that can be taken without itemizing your return, called above-the-line tax deductions, and can help you save money even if you take the standard deduction.

If you’re a receipt hoarder, tax time is like Christmas. There are so many items that can be deducted, and each year the list grows even longer. There may even be many expenditures that you have that you weren’t even aware that you could deduct, as several were extended with the Tax Relief Act of 2010.

Sometimes, travel is necessary in order to improve your business. The good news is that the IRS allows you to deduct many of the expenses that come with your business-related travel.

The IRS is offering tax relief for Hurricane Harvey victims. Specifically, it is giving affected taxpayers extensions on certain tax returns and payments. The extensions apply to most returns or payments due between August 23, 2017 and January 31, 2018. At the time of writing, most of these deadlines have moved to January 31, 2018.