Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

As someone who has successfully run G&L Furniture and now leads several local initiatives — including Grassroots Real Estate ...

The National Retail Federation has backed a House tax proposal it sees as key to job growth, investment, and economic ...

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can impact tax savings. Education, insurance and legal or professional fees can also be deductible if they're directly related to maintaining or improving business operations. Proper record ...

Running a business can be expensive ... professionals may be deductible. If you pursue any education or training to maintain ...

Generally anything you purchase that's necessary to start or maintain your business may be deductible on your federal tax return. A tax deduction is subtracted from your income, reducing the ...