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Deductions for Self-Employed Freelancers & Small Home Businesses: Articles & Calculators for Home Office Deductions and Business Deductions

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Deductions and Taxes for Self-Employed Freelancers - If it’s that time of year for you and you want to know where to start with your freelance business tax deductions, go through the following checklist to get many of those deductible expenses easily organized.

A dozen deductions for your small business - Deductions But that doesn't mean you should cheat yourself. Take every legal deduction you can. Here are a dozen that even savvy small-business owners and entrepreneurs sometimes forget:

Business Deductions - Digging up every legitimate deduction you have is usually your best bet for reducing your taxable income, and therefore your tax bill, as much as possible in the short run.

Home Office Deductions for Freelancers - Home office deductions are one of the perks of working from home, however, there are clear drawbacks too. If you meet the IRS guidelines for deducting your home office, you can expect to get a hefty tax break. On the other hand, deducting your home office can increase your chances of getting audited.

Home Office Deductions Calculator - Figure out home office deductions with this handy calculator.

Do You Have a Deductible Home Office? - Whether you are self-employed or an employee, if you use a portion of your home exclusively and regularly for business purposes, you may be able to take a home office deduction.

Do you work from home? Deduct your home office - Whether you are self-employed or an employee, if you use a portion of your home for business, you may be able to deduct the associated costs.

Understanding Small-Business Tax Deductions - Thankfully, you can reduce your tax burden by deducting most of what you spend in the course of business.

Business Use of Home - Whether you are self–employed or are an employee, you may be able to deduct certain expenses for the part of your home you use for business. To deduct business–use–of–the–home expenses, part of your home must be used regularly and exclusively as one of the following.

Taking Business Tax Deductions - What kind of small business tax deductions can I take for a business expense tax? You may be able to take more small & home based business tax deductions than you thought.

Home office: Tax perk or trap? - A third of the U.S. employees regularly work out of a home office but most don't claim a deduction.

Taxing Matters for the Home Office - A new set of rules from Congress in 1999 broadened the guidelines for home office deductions. Do you qualify?

Home Office Deduction Calculator - The following two-part calculator will help you estimate the amount of your home office deduction.

25 Common Business Deductions and Expenses - The Internal Revenue Code allows you to deduct all "ordinary and necessary" expenses of operating your business -- these can vary depending on the type of business. Below are some of the most common deductions small businesses take. You should speak with your tax advisor to see what other deductions your company can take advantage of.

Factors to Consider Before Taking the Home Office Deduction - You could save money if you do — but perhaps not as much as you hope. Here are some pros and cons to ponder, when deciding whether to take the home office deduction.

Planning Equipment Purchases to Your Tax Advantage - How to use depreciation and Section 179 asset expensing to deduct the cost of additional equipment for your business

How to Claim Home Office Deductions - New rules were instituted in 1999 for claiming an office-in-home deduction on your tax return. If you couldn't deduct these expenses under the old tax law, you may be able to do so now.

Home Office Deductions - Are They Dead? - The history of the home office deduction is filled with controversy. The Internal Revenue Code (the law) states, in part, that to be deductible the portion of the dwelling unit which is used exclusively and regularly for the following purposes may be considered a deductible business expense, if it is.

Tax Deductions and Your Small Business - Taxes are an inevitable — and painful — part of every business owner's life. But there are ways to reduce, if not eliminate, your company's tax burden if you know how to use business-expense tax deductions to your advantage

Rules for Taking the Home Office Deduction - You have to pass several tough tests to qualify for the home office deduction.

Home Office Deductions - The first way is if your home office is your principal place of business, meaning you do most of the work that earns your keep there. This is no problem for people like freelance writers and accountants.

Deductions Your Small Business Shouldn't Miss - When you're toting up your business's expenses at the end of the year, don't overlook these 13 common business deductions.

Home-Office Deduction for Telecommuters - If you telecommute from home, it may be worth figuring out the deduction for a home office. Here's how to do it.

Tax Deductions for Home Office Utilities - I've been advised not to try to write-off the physical space for my home office. However, I just received my first water and power bill, and it is *MUCH* higher than the same period last year. Obviously, I'm using more power and water by working out of my home.

The First Principles of Small Business Deductions - A good start would be to consider what the Internal Revenue considers to be a legitimate, bona fide tax deduction.

The Home Office Tax Deduction - Running a business from home can help you lower your tax bill.

Full Time Freelance & Taxes - This past year was my first year as a full-time freelance employee. I will be filing a 1099 at tax time. What kinds of home-office deductions are standard? Also, will I be penalized if I haven't paid estimated taxes quarterly throughout the year?

Overlooked Business Deductions, Part 1 - You didn't forget these, did you - As a business owner, it's easy to overlook legitimate business tax deductions. After all, so much of your life likely has some element of tax-deductibility. Keep in mind that many things not normally tax-deductible for individuals become deductible to you as a business owner. Here are a few examples:

You deserve a tax break on your home office costs - If your home is a place of business, many of your personal expenses can be deducted as business expenses. Here are tips on what qualifies, and how to avoid an audit.

Tips on Understanding Home Office Deductions - Tips on Home Office Deductions

Taxing Times - The Home Office Deduction - Yay! It's tax time again (or near enough). I can't wait. Just love this stuff. Not! OK, I know it's boring, I know your eyes glaze over at the mere thought of all those forms and paperwork but it has to be done so let's just bite the bullet and get on with it.

The Home Office Deduction - If you run your business out of your home, then you may be able to claim your home office and deduct a portion of the expenses associated with maintaining your home. The home office deduction consists of a series of small deductions for a portion of your utility bills, mortgage interest, repairs and home depreciation.

Home Office Deduction Simplification - Increasingly, entrepreneurs are utilizing their home as a primary place of business. Many home-based business owners do not make use of the home office deduction due to the complexity of the criteria they must meet. The NASE believes that the home office deduction must be simplified and expanded to allow home-based businesses to easily utilize the deduction.

Can You Deduct Home Office Costs? - Unless the economy begins to perk up soon, more people are likely to be working out of their homes and ordering new business cards embossed with the word "consultant."

Rules for Taking the Home Office Deduction - You have to pass several tough tests to qualify for the home office deduction.