Business or Hobby
A hobby is an activity in which you do not expect to make a profit. If you carry on your activity to make a profit, there is a limit on the deductions you may take.
Home Office Deductions
Whether you are self employed or an employee, if you use a portion of your home, exclusively and regularly for business purposes, you may be ready to take a home office deduction.
Earned Income Tax Credit For Certain Workers
Millions of Americans miss out on critical tax relief by failing to claim the “Earned Income tax Credit” (EITC), a federal tax credit for lower income individuals. Qualifying tax payers can pay less federal tax, no federal tax, or even get a tax refund.
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