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.
Landlords Must Be In Business to Claim the 20% Pass-Through Tax Deduction
Learn about the 20% pass-through tax deduction and IRS safe harbor for landlords trying to establish that their rental activity is a business activity.
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.
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.