Yes, if your side gig qualifies as a genuine business (with a profit motive) and meets both federal and New York State rules for deducting losses. That means you must show that your expenses directly relate to an active, profit-seeking…
Tax filing obligations can feel stressful, especially if the deadline is coming up and you are unsure how much you might owe. Many individuals and businesses may be tempted to delay or neglect filing returns when their financial circumstances are…
When people talk about the “Trump Tax Cuts,” they usually mean the Tax Cuts and Jobs Act (TCJA) of 2017. This law brought changes to how we pay federal taxes in the United States and was signed by President Donald…