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Another tax filing season has begun and along with it the usual advice from tax experts, financial publications, and pundits of many varieties. I am sooooo tired of hearing and reading the conventional “wisdom” offered to home-based business owners advising them to avoid the deduction for business use of their home. Today’s culprit was the [...] Tax Deductions: Higher Amounts & New Rules for 2008 If you don’t want to pay taxes on your gross income, then you need to know about deductions. These are amounts you’re allowed to subtract (deduct) from your income to reduce your taxable income so you pay lower taxes. Individuals are allowed to take what’s called a standard [...] |
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