Whether you use the actual or standard automobile expense option, there are rules to follow to ensure your deduction holds up with the IRS. A mileage log is the number one requirement to claim the automobile expense deduction.

Unfortunately, you can’t claim your fur babies on your tax return – even though I fully agree that you should be able to because I have 2...

Did your business pay an individual or LLC for SERVICES over $600 in 2024? Services can include accounting, consulting, or repairs – they...