Skip to content
FREE SHIPPING ON ALL DOMESTIC ORDERS $35+
FREE SHIPPING ON ALL US ORDERS $35+
Home Business Tax Deductions: Keep What You Earn - Paperback | Diverse Reads

Home Business Tax Deductions: Keep What You Earn

Availability:
in stock, ready to be shipped
Save 13% Save 13%
$29.99
$29.99 - $29.99
$29.99
$25.99
$25.99 - $25.99
$25.99
Pay less to the IRS

Don’t miss out on the many valuable deductions you can claim! Now, more than ever, understanding how taxes work is essential for home business owners.

Home Business Tax Deductions is for anyone who has a home business or is thinking of starting one and wants to know how to structure their business and take advantage of all available tax deductions. This book explains to readers how to maximize their business deductions—quickly, easily, and legally.

Whether you’re just starting your home business or it’s well established, Home Business Tax Deductions is indispensable to your financial success. It covers deductions for start-up and operating expenses, travel and meals, home offices, equipment, vehicles, medical expenses, and more. It also discusses how to keep accurate, thorough records and provides everything you need to know about the 20% pass-through deduction. In addition, this edition has an updated chapter explaining how to get paid and pay others with Bitcoin or another cryptocurrency, as well as information about trading in crypto as a business.

Home Business Tax Deductions is organized into practical, easy-to-understand categories of the most commonly-used home business deductions. This reader-friendly guide includes interesting and relevant examples of how deductions work in real life.

If you have a home business, this book will pay for itself many times over.

ISBN-13: 9781413331332

Media Type: Paperback(Twentieth Edition)

Publisher: NOLO

Publication Date: 12-26-2023

Pages: 432

Product Dimensions: 7.00(w) x 9.00(h) x 1.50(d)

Stephen Fishman has dedicated his career as an attorney and author to writing useful, authoritative, and recognized guides on business, taxation, and intellectual property matters for small businesses, entrepreneurs, independent contractors, and freelancers. He is the author of 20 books and hundreds of articles, and has been quoted in The New York Times, Wall Street Journal, Chicago Tribune, and many other publications. Among his books are Every Landlord’s Tax Deduction Guide, Deduct It! Lower Your Small Business Taxes, and Working for Yourself: Law & Taxes for Independent Contractors, Freelancers & Gig Workers of All Types, published by Nolo. He is a two-time recipient of the Independent Book Publishers Association’s Benjamin Franklin Award.

Table of Contents

Introduction 1. Some Tax Basics 2. Is Your Home Really a Business? 3. Getting Your Business Up and Running 4. Home Business Operating Expenses 5. Deducting Long-Term Assets 6. The Home Office Deduction 7. The Pass-Through Tax Deduction 8. Getting Around Town: Car and Local Travel Expenses 9. Leaving Town: Business Travel 10. Inventory 11. Hiring Help: Employees and Independent Contractors 12. What if You Get Sick? Deducting Medical Expenses 13. Deductions that Can Help You Retire 14. More Home Business Deductions 15. Record Keeping and Accounting 16. Businesses Owned by Spouses 17. Eight Tips for Avoiding an IRS Audit Index