Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

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If you often have working lunches, you might be able to deduct 50% of those meal expenses. When you meet with partners, ...

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. New IRS guidance can help taxpayers figure the deductions. The IRS has released ...

Side hustle earnings are taxable and must be reported, even without a 1099 form. Self-employment tax covers Social Security and Medicare contributions. Organized recordkeeping helps maximize ...

The 'One Big, Beautiful Bill' introduced several new tax deductions, some of which will apply to the money you're making this year. Under the new law, taxpayers can deduct most of what they earn in ...