Question: I am a consultant operating as a sole proprietorship and file a Schedule C with my Form 1040, accordingly. I provide a group medical insurance plan for my employees and my family. Can I ...

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

Expenses like a home office, car, insurance, and even your education bills could get you a big tax breakFact checked by Vikki VelasquezKey TakeawaysBusiness owners might be able to recover some of the ...

A few months ago, in response to a question from a reader, I discussed the deduction of health care premiums. I received many responses, and several readers raised issues related to this deduction.

While some overlap with those available to regular workers, self-employed individuals also have their own unique deductions. It’s important to note that the IRS definition of “self-employment” is ...

Question: My son lives in Arizona and receives pension income from the Arizona Retirement System (ARS). He is 64 years old and is now single with no dependents. The ARS allows him to purchase health ...

Are you self-employed and wondering how to maximize your tax deductions for the 2022 tax year? Here’s a look at 15 of the best tax write-offs you don’t want to miss: — Qualified business income. — ...

Q: I recently started my own business as a sole proprietorship and will be filing a Schedule C with my Form 1040, accordingly. I provide a group medical insurance plan for my two employees and my ...

As a self-employed person, you probably watched the development of the Tax Cuts and Jobs Act (TCJA) with some trepidation. The tax code is not often kind to the self-employed, nor are most of the ...

Tax season is over for another year, but that’s not a reason to stop thinking about retirement planning and how to lower your tax burden. That is particularly true for the rapidly growing number of ...