taxes 2020 personal deduction

IRS Standard Deduction 2023 and 2024

What is the standard deduction amount for 2023 and 2024? The IRS updated the number and it’s a little bit higher this year. When filing income taxes, taxpayers can choose to either itemize tax deductions, or take the standard tax deduction amount. The IRS adjusts how much the standard deduction …

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remote work taxes

Remote Work Taxes

Remote work is changing every aspect of the modern professional’s life. No more long commutes. No more monthly parking expenses. Maybe even no more car. How remote work taxes occur is the next frontier. Taxes for Remote Work The evolution of the workplace has seen a significant shift towards remote …

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small business section 179

2023 Section 179 Deduction Limits for Small Businesses Taxes

Small business tax deductions are important in order to offset high business taxes levied against small business owners and entrepreneurs. This is especially true for work from home entrepreneurs who file as sole proprietors, or as a Limited Liability Company aka LLC, with sole proprietor tax status. Small business owners …

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