| Description |
452 pages : illustrations ; 23 cm |
| Note |
"Eighteenth edition January 2022"--Title-page verso. |
|
"Covers the latest tax law changes"--Cover. |
|
"This edition covers amended and extended tax laws for business owners affected by the coronavirus (COVID-19) pandemic"--Back cover. |
| Bibliography |
Includes bibliographical references and index. |
| Summary |
"Deduct It! shows you how to maximize your business deductions--quickly, easily, and legally. Whether your business is just starting or well established, this book is indispensable to your financial success. It covers deductions for: start-up and operating expenses; travel and meals; home offices; medical expenses; equipment and inventory; and more. Learn about new tax rules for deducting a net operating loss, the expanded employee retention tax credit, and COVID-19 sick and family leave tax credits. The book also covers everything you need to know about the 20% pass-through deduction. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over. This edition covers amended and extended tax laws for business owners affected by the coronavirus (COVID-19) pandemic." -- Description provided by publisher. |
| Contents |
Introduction -- Tax deduction basics -- Are you really in business? -- Start-up expenses -- Business operating expenses -- Deducting long-term assets -- Inventory -- Office expenses -- Car and local travel expenses -- Business travel -- The pass-through tax deduction -- Hiring workers -- Retirement deductions -- Medical expenses -- Additional deductions -- Record keeping and accounting -- Staying out of trouble with the IRS. |
| Subject |
Small business -- Taxation -- Law and legislation -- United States -- Popular works.
|
|
Tax deductions -- United States -- Popular works.
|
| Genre |
Law for laypersons.
|
| Added Author |
Nolo (Firm), publisher.
|
| ISBN |
9781413329247 (paperback) |
|
1413329241 (paperback) |
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