In 2004 Congress added a new Internal Revenue Code Section that allows a deduction to businesses just for operating a business.

Here are five common mistakes of those who deduct home office expenses.

Please note these are very simplified examples and should not be relied upon without professional consultation.

Take the time to consider the following potential tax deductions.

If you were legally married on 12/31/14, the IRS considers you married for the entire year of 2014.

Virtually all Ohio small business owners and investors will be eligible for a 75% tax deduction on the first $250,000 of business income when they file their 2014 Ohio tax return. This is an increase from the 50% deduction they took on their 2013 tax returns.