Tax law allows you to deduct two types of travel expenses related to your business, local and what the IRS calls “away from home”.
You may be able to deduct the ordinary and necessary business-related expenses you have for Travel, Entertainment, Gifts, or Transportation.
An ordinary expense is one that is common and accepted [...]
Summer isn’t just a time for pool parties, barbecues and visits from the in-laws—it’s also time for wildfires. As this article is being written, massive fires are burning in Colorado, Utah, Wyoming, Montana and many other states. Wildfires scorch millions of acres per year, which means many homes are lost in the blaze. Although homeowne [...]