News Alert – Second COVID Relief Package Passed Stimulus checks could mail as early as next week Both houses of Congress voted to pass the … → Read more
An initial expense you may be able to deduct is for business equipment up to $500,000 for 2016 (same as 2015), rather than writing it off over multiple years. Self-employed business people may also deduct 100% of their health insurance premiums. In addition to those, you may also deduct your investments in a Keogh, SEP or SIMPLE IRA plan