The Standard Deductions Single and you’re not someone else’s dependent on a federal return: $8,000. Head of household: $11,200. Married filing jointly: $1...

Nonemployee compensation (also known as self-employment income) is the income you receive from a payer who classifies you as an independent contractor rat...

Capital gains are taxable at both the federal and state levels. Tennessee does not levy a personal income or capital gains tax. Which states do not have t...

Above-the-line deductions reduce your adjusted gross income. It includes all of your total income, including wages, business and rental income, capital ga...

incorporation Incorporating a business means turning your sole proprietorship or general partnership into a company formally recognized by your state of i...

Here is how to make money while traveling in an RV. Start a website to make money while traveling. Telecommute to make money while traveling. Check job bo...

If you sell property that is not your main home (including a second home) that you’ve held for at least a year, you must pay tax on any profit at the capi...

IRS Rules. The Internal Revenue Service calls office space donations in-kind donations. The IRS encourages in-kind donations by allowing individuals and b...

March 11, 1945 (Sunday) The Royal Air Force sent 1,079 aircraft to bomb Essen and effectively destroyed the city with 4,700 tons of bombs. The Battle of K...

While you may not deduct self-employment taxes from your taxable income, you may deduct real estate taxes that are necessary for your business. Is buying ...