Editor’s Picks

What Business Expenses Can I Write Off?

What Business Expenses Can I Write Off?

You spend a lot on your business. Thankfully, the IRS allows you to deduct business expenses to lower your taxable income. Said another way: the more deductions you have, the lower your taxable ...Read more

Car Allowances vs. Mileage Reimbursement

Car Allowances vs. Mileage Reimbursement

If you use your personal car for your own business, you can take a mileage deduction to save on your taxes. But what if you drive your own car for your W2 job? Your employer can reimburse you and ...Read more

How to File Taxes With a 1099 and W2

How to File Taxes With a 1099 and W2

Today, lots of people work as employees and have their own businesses on the side. Good examples are employees who moonlight as part-time drivers for Uber or Lyft. Here's how to file taxes when you ...Read more

IRS Commuting Rule: Mileage Rules & Commute Definition

IRS Commuting Rule: Mileage Rules & Commute Definition

If you drive your car for work, you can take a mileage deduction on your taxes. Yet, many people don't know the IRS has some strict rules on what is deductible business driving. There's no such ...Read more

What the IRS Counts as a Business Drive

What the IRS Counts as a Business Drive

Hopefully, you're already tracking your miles in order to get the largest mileage deduction you're entitled to. But, what counts as a business drive? Let's go over what trips the IRS considers as ...Read more

Parking Deduction 101: Writing Off Parking Costs on Taxes

Parking Deduction 101: Writing Off Parking Costs on Taxes

The mileage deduction is one of the largest tax savings you can get if you use a personal car for business purposes. But, there are various vehicle-related deductions for the self-employed. Let’s ...Read more