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| Tax Information |
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Tax Information
More Articles from Tax Information: Trump Revives Push for Higher Taxes on the Rich The New York Times Trump tells Congress to raise taxes on the rich in budget bill The Washington Post Donald Trump proposes to raise income taxes on wealthy Americans Financial Times 'We Can Work it Out' tax bill advances in House Minnesota House of Representatives (.gov) How Washington’s new tax and fee increases could hit your pocket Cascade PBS News Florida GOP divide on taxes, budget could make for long, hot summer at Capitol Tallahassee Democrat Texas homeowners could see lower property tax bills if deal from Republican lawmakers passes The Texas Tribune How to protest property taxes in Texas before the May 2025 deadline Austin American-Statesman GOP fight over state and local tax deduction slows Trump’s ‘big, beautiful bill’ The Washington Post WA governor pressed to veto $1.8B piece of Democrats’ tax bill Washington State Standard Historic Mountaineer Inn motel faces foreclosure over unpaid taxes The Asheville Citizen Times Vanderburgh County property taxes come due Monday Courier & Press Germantown weighs tax increase for new budget year: See how much residents would pay The Commercial Appeal Washington Watch: Tax-Free Pell Grant reintroduced in Senate Community College Daily Missouri bill exempting capital gains from income tax sent to governor Missouri Independent Minnesota Senate seeks to impose first-in-nation social media tax 5 EYEWITNESS NEWS Global tax equity: confronting base erosion in the digital economy International Tax Review In wake of Helene, county eyes raising property taxes to fund operations during recovery The Asheville Citizen Times Anti-tax group risks far worse in attempt to ban Ohio property taxes. They should drop the effort: editorial Cleveland.com Portland councilor pitches tax hike on companies with huge CEO salaries to address budget shortfalls Oregon Public Broadcasting - OPB Property Tax Map Colorado Division of Property Taxation (.gov) Wiregrass to host Georgia Retraining Tax Credit Summit Valdosta Today Swiss Bank Pays $510 Million Fine for Helping Clients Evade Taxes The New York Times G.O.P. Targets a Medicaid Loophole Used by 49 States to Grab Federal Money The New York Times Collierville eyes tax increase: What residents would pay and how funds would be used The Commercial Appeal Trump Says He Is OK With Republicans Raising Taxes on the Rich U.S. News & World Report Department of Taxation and Finance dos.ny.gov Medicaid and taxes and SNAP, oh my Roll Call An El Paso attorney hasn’t had to pay property taxes on an Upper Valley home he built in 2019 El Paso Matters Republican Senators Warn $6 Billion in New Taxes Will Devastate Illinois’ Small Business Community Craig Wilcox How Will Trump’s Current Tariffs Compare with Extending His 2017 Individual Tax Cuts? Tax Foundation Supervisors Approve Budget Markup: Tax Rate Decreased, New 4% Food and Beverage Tax Fairfax County (.gov) US still pushing to scrap UK’s tech tax politico.eu Tax reform fleeces Hoosiers with new taxes Indiana Capital Chronicle The Pronatal Benefits of Expanding the Child Tax Credit Institute for Family Studies Will Californians pay less with Trump tax cuts? It could come down to one thing San Francisco Chronicle Mars School Board Budget To Increase; Taxes To Go Up ButlerRadio.com With Trump's tariffs and federal cuts, Florida's tax plan comes at a bad time | Editorial The Palm Beach Post Repealing the estate tax could create headaches for the rich – as well as worsen inequality The Conversation Millionaires Don’t Flee States Over Higher Taxes Inequality.org Corporate income taxes have stifled Illinois’ pandemic recovery Illinois Policy Senate Taxes Chair Ann Rest Says Committee Passes Tax Proposal Responding to Modern Economy Minnesota Senate DFL Carter: It’s time to eliminate the estate tax Boston Herald Cary residents could see property tax increase as growth slows in Wake town Raleigh News & Observer GOP senators slam the latest push for higher taxes by Illinois Democrats The Center Square ‘People Who Are Salaried Are Crying’: Taxes on Workers Add to Debt Misery The New York Times Trump keeps 10% tariffs on UK but cuts taxes on British autos, steel and aluminum Messenger-Inquirer Millionaire’s tax proposal is getting a warm reception from new R.I. Senate leadership Rhode Island Current |
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As a home-based business professional, there are a number of deductions you are entitled to which many tax preparers often miss. For example, if you run a home office you are entitled to deduct expenses for the percentage of square footage the home office is occupying. Expenses include the combined total of mortgage interest, property taxes, utilities, repairs, etc. For example, if 250 square feet of a 1,000 square foot house is being used for a home office, you are entitled to deduct a quarter of your total expenses. Although some deductions may seem minor, over an entire year, they can add up to thousands of dollars that you are unnecessarily paying the IRS. That is money that you could be using to grow your business. Karen McClafflin, owner of home-based Secret Canyon Realty in Colorado Springs, CO, was able to recover $11,000 when her tax preparer failed to include home office and automobile deductions in her past returns. 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If you can't imagine getting your tax returns together by that date, you need not worry. The IRS automatically gives you an extension if your file the appropriate form. As you might expect, there are different forms for different businesses. Tax Strategy - Let Washington Pay for Your Corvette, Porsche, or Air Plane Deducting Your Auto Expenses
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