Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

The IRS on Friday released a draft of Schedule 1-A (Form 1040), a single form that consolidates the calculations of the four ...

If you work from home, you may be able to deduct your business-related expenses. But if you don't qualify for that, you could be eligible for the "home office tax deduction." This tax break lets you ...

Taxpayers tend to shy away from taking the home office deduction, assuming that they will be targeted for increased scrutiny from the IRS. That is certainly possible, especially if your deductions are ...

Most employees aren’t eligible for the home office deduction, but you may qualify as a contractor or with a side business. To claim the tax break, your workspace must be the main place for your ...

Taxpayers tend to shy away from taking the home office deduction, assuming that they will be targeted for increased scrutiny from the IRS. That is certainly possible, especially if your deductions are ...