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Tracing Interest Expense to Deductible Purposes

Interest deductibility often depends on how borrowed funds are used. Learn how tracing rules apply to...

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New Car-Loan-Interest Deduction: What Vehicle Buyers Need to Know

Financed a new vehicle? Learn how the car-loan-interest deduction works, which vehicles and loans qualify,...

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Why Self-Employed Taxpayers Must Keep Better Records for Travel, Vehicle, and Other Business Expenses

Self-employed taxpayers often know that business expenses can reduce taxable income, but many learn too...

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Just Starting a New Business? Don’t Overlook Start-Up and Organizational Costs Deductions

Starting a new business can be expensive, but the tax rules offer relief: certain start‑up and...

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Eldercare Can Be a Substantial Medical Deduction

Because people are living longer now than ever before, many individuals are serving as care providers...

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Video Tips: A Brief Look at the Tax Deduction for Medically-Related Home Improvements

Learn when medically necessary home improvements qualify as tax deductions and how the 7.5% AGI threshold...

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How the One Big Beautiful Bill Act Transforms R&E Tax Strategies for Businesses

Research and Experimental (R&E) expenditures are critical components of innovation and development within...

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When Your S-Corp Investment Tanks: Can You Write It Off — and When?

Thinking of writing off your S-corp investment? Learn when it’s actually allowed, how to document...

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Unlocking Tax Savings with Deductions Beyond Itemizing

In the complex world of tax deductions, understanding the distinctions between above-the-line deductions,...

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A Guide to the Business Pass-Through Deduction

The Section 199A pass-through deduction, also known as the Qualified Business Income (QBI) deduction,...

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Occupations Qualified for Tip Deduction Released

On September 2, 2025, the Treasury Department released a draft list of 68 occupations eligible for the...

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The 2025 Guide to Small Business Tax Deductions You Can’t Afford to Miss

Missing key deductions could cost your business thousands in 2025. Learn the tax breaks that protect...

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