Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn’t ...

Cash flow is what makes the biggest difference for small businesses, more so than sales and net income.

The U.S. House of Representatives has just narrowly passed the Senate’s version of President Trump’s “One Big, Beautiful Bill ...

Only those earning $500,000 or less could take advantage of the full $40,000 cap, under the bill the Senate passed.

For the Wabash Valley’s self-employed workers, failing to keep up with estimated tax payments and deductions can lead to more ...

Small businesses make up 99.9% of all American businesses, but they are too often ignored in Washington, and the debate around the One Big Beautiful Bill Act is no exception. While there has been ...

Small businesses benefit from the 'One Big, Beautiful Bill Act' which prevents tax hikes, incentivizes American manufacturing ...

The interest you pay on a business loan is tax-deductible if you meet specific criteria defined by the IRS. Here's what you need to know about these criteria.

If the deduction cap rises, at least eliminate the state workarounds.

Imagine you’re climbing a mountain with a backpack full of heavy stones. You’re strong and have the will to manage, but the ...

Rep. Gwen Moore, D-Wisconsin, a member of the tax-writing House Ways and Means Committee, introduced legislation Thursday to expand the Section 199A Qualified Business Income deduction to provide a ...

If the deduction goes away, the tax rate for large corporations in Pennsylvania would remain at 28.99%, but the rate for small businesses would swell to 42.67%, according to the NFIB.