Understanding the difference between tax deductions and tax credits and how each affects your tax liability.
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Explaining what tax deductions are, how they work, and common examples to maximize your tax savings.
Guidelines on deducting job search expenses on your taxes, including eligibility and limitations under IRS rules.
Strategies to reduce or remove common IRS tax penalties, including late payment and filing penalties.
Distinguishing between a hobby and a business for tax purposes and the implications for your tax filings.
How to use the 14-day loophole for tax-free extra income under IRS rules for short-term rentals.
The importance of building your community alongside your business for long-term success and engagement.
Clarifying if previously purchased equipment can be listed as a business expense for tax deductions.
Summary of top 10 tax law changes affecting individuals and businesses, including deductions and credits.
Tax implications of selling a home with a home office, including capital gains and expense deductions.