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Business tax deductions are expenses that a business can legally deduct from its income when calculating its taxable income

Paycheck deductions are the various dollar amounts withheld from your gross income each pay period, resulting in reduced net pay.

ExxonMobil’s latest ultimatum, which the United Steelworkers will bring to a vote on Monday, would set the precedent for the wholesale destruction of the jobs, wages, benefits and working conditions of workers throughout the entire oil industry.

WKBT Posted: Updated: Like most Americans, you probably want to get through your taxes as quickly as possible. Since the Tax Cuts and Jobs Act (TCJA) was passed in 2017, fewer of us will itemize, and those who do may find fewer deductions available. However, do not rush through your return so quickly that you simply take the standard deduction and ignore deductions that can bring you a healthy refund. Consider these commonly overlooked tax deductions. 1. Charitable Contributions – You may not feel that you give enough to charity for it to matter, but every little bit helps when itemizing ...

December 31 is your last opportunity to take advantage of some valuable ways to save for 2012. Here are half a dozen year-end tasks to add to your to-do list: Clean out your flexible spending account. Many employers require you to use up the money in your FSA by December 31 or lose it (although more companies now offer a grace period to March 15, so ask your employer for its deadline). You can use your FSA money tax-free for out-of-pocket medical expenses such as deductibles, co-payments, glasses, contact lenses, contact lens solution, dental visits, prescription drugs and many other bills. F...