Pay Less to the IRS
Now, more than ever, understanding taxes is essential for home business owners. This book is for anyone who has a home business or is thinking of starting one and wants to know how to structure their business and take advantage of all available tax deductions. This edition explains to readers how to maximize their business deductions--quickly, easily, and legally.
Whether you're just starting your home business or it's well established, Home Business Tax Deductions is indispensable to your financial success. This book covers deductions for start-up and operating expenses, travel and meals, home offices, equipment, vehicles, medical expenses, and much more. Comprehensive and up-to-date, this edition covers all the new deductions and tax credits available to help small businesses under COVID relief legislation. The book also discusses everything you need to know about the 20% pass-through deduction. The book is organized into practical, easy-to-understand categories of the most commonly-used home business deductions. This reader-friendly guide includes interesting and relevant examples showing readers how deductions work in real life. This book will pay for itself many times over.