If you're running a business, you know there's never enough money, and every cent you can save helps. However, come tax time you might end up paying more to the IRS than you should because you didn't take some basic deductions. You should also know how to file your taxes for free.
Last year, we told you about changes in the IRS' home office deduction that makes it much easier to deduct use of your home for professional work. If you work from home, you definitely need to read that article. However, there are probably other things you can deduct you didn't realize.
It is entirely possible to deduct the cost of a smartphone, tablet, computer, monthly Internet plan, printer and more. There are just a few rules you need to follow so you don't get in trouble.
Disclaimer: We at Komando.com are not CPAs or IRS agents. If you have a question related to the intricacies of this deduction, or tax law in general, consult with a professional.