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Nolo's Top Deductions for Professionals
Learn about the best tax deductions for professionals who own their own businesses.
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.
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.
Landlords Must Be In Business to Claim the 20% Pass-Through Tax Deduction
Learn about the new IRS safe harbor for landlords trying to establish that their rental activity is a business activity.
COVID-19 Vaccination Tax Credits for the Self-Employed and Employers
Will the government pay you to get COVID-19 vaccinated?
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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.
Deducting "Ordinary and Necessary" Business Expenses
Understand how to reduce your business taxes by deducting your business expenses.
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.
The Home Office Tax Deduction
Running a business from home can help you lower your tax bill.
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.
The Simplified Home Office Deduction
In a rare move to simplify life for taxpayers, the IRS created a simplified optional home office deduction.
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.