Business Deductions
Top Deductions
Top Deductions
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Nolo's Top Deductions for Professionals
Learn about the best tax deductions for professionals who own their own businesses.
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The 20% Pass-Through Tax Deduction for Business Owners
Under the Tax Cuts and Jobs Act, pass-through business entity owners can potentially deduct 20% of their business income.
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Who Can Use the 20% Pass-Through Deduction: Learn About the New Treasury Regulations
IRS regulations try to clarify questions about the extremely complex 20% pass-through deduction.
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Landlords Must Be In Business to Claim the 20% Pass-Through Tax Deduction
January 1, 2018. Learn about the new IRS safe harbor for landlords trying to establish that their rental activity is a business activity.
Section 179 and Bonus Depreciation
Section 179 and Bonus Depreciation
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Bonus Depreciation Extended Through 2026 Under the Tax Cuts and Jobs Act
This valuable deduction for business owners is available (with a gradual phase-out) through 2026.
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Deducting "Ordinary and Necessary" Business Expenses
Understand how to reduce your business taxes by deducting your business expenses.
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Deducting Computers Bought for Work
Don't miss out on this important business expense deduction with more options under the Tax Cuts and Jobs Act.
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Running a business from home can help you lower your tax bill.
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Tax Issues When Renting Out a Room in Your House
Find out what tax deductions you can get for renting a room in your home.
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The Simplified Home Office Deduction
In a rare move to simplify life for taxpayers, the IRS created a simplified optional home office deduction.
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Using the Standard Mileage Rate to Deduct Business Driving Expenses
Learn the rules for deducting your local business travel expenses using the standard mileage rate.
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