small business tax cut act deductions

Small Business Tax Cut Act would raise key deductions for SMBs — Photo by Tima Miroshnichenko on Pexels

Small Business Operations Reviewed - Deductions Rising?

New York, the fourth-most populous US state with over 20 million residents, offers a new home-office deduction of up to $1,200 for self-employed professionals under the Small Business Tax Cut Act. This deduction can be claimed by filing Form 8829 with your 2024 return before the 15 April deadline.