The home office deduction could provide a tax break on your 2024 return. Here's who qualifies and how to claim it.

Independent contractors are responsible for self-employment tax that usually amounts to 15.3%. However, you can deduct 50% of the self-employment tax you pay. Qualified Business Income (QBI ...

Andre Shammas is a tax preparer based in El Cajon, California, specializing in helping individuals, families, and small ...

Your take-home pay may have gotten a bump now that the Internal Revenue Service updated the income tax brackets and standard ...

For 2024, you could still be eligible for the home office tax deduction with contract or self-employed work, whether you rent or own your home, explained Ethridge, who is also an enrolled agent.