National Treasury is currently gathering information about the structures and taxpayers who rely on a practice note that covers interest deductions and the…
Tag: deduction
GOP relief proposal doesn’t expand food stamps but doubles lunch tax deduction
Senate Republicans introduced their coronavirus relief bill on Monday, known as the HEALS Act (Health, Economic Assistance, Liability Protection, and Schools Act). The proposal included
Work from home tax deduction only applies to self-employed workers
The home office deduction is only available to self-employed people who use their home “regularly and exclusively” for business during the tax year. If you
