Proper knowledge of the home office deduction allows self-employed individuals and small business owners to make informed decisions about business expenses and potential tax advantages. This guide will help you understand who is eligible for the deduction, how to calculate it, and the differences between various types of expenses.

For self-employed individuals, staying on top of estimated tax payments is crucial for maintaining financial health and avoiding penalties. Unlike traditional employees who have taxes withheld from each paycheck, the self-employed are responsible for calculating and paying their taxes throughout the year. Here's what you need to know to stay current and compliant.

As a small business owner, you wear many hats. You're the boss, the employee, and often more. Do you plan on taking any time off, or retiring? If so, you might be missing out on a powerful tool that can help secure your future and save some on taxes today.

Understanding the impact of the Servicemember's Civil Relief Act (SCRA) and in more recent years the Military Spouse Residency Relief Act (MSRRA) acts on your tax return can result in thousands of dollars of tax savings. We will also cover other tax benefits afforded to our military personnel such as nontaxable pay and benefits, nontaxable combat pay and its impact on IRA contributions and EITC, and automatic extensions.