Tag Archives: expense

Who Should Take a Home-Office Tax Deduction?

According to data compiled in tax year 2009, more than 4 million Americans claimed the home-office deduction on their tax returns. That’s about 3 percent of the total 140 million returns filed in 2010. The number is likely to increase this year, with business startup rates having increased substantially in 2011.

Kathy Pickering, executive director of the Tax Institute, research and analysis division of tax-services provider H&R Block (HRB), says the average home-office deduction is valued at more than $2,600. Yet many taxpayers are unclear about how to claim the deduction, or they worry that if they do, they’ll face an IRS audit. Pickering says that although the home-office deduction is scrutinized closely, it should be used by those who are eligible.

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Dumping China for American job shops

U.S. small businesses that initially rushed to Chinese factories to get their products made are now dumping them for American manufacturers.

And the shift is gaining traction, said industry experts who match U.S. small companies with domestic firms.

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Software packages and applications that can save you money

A computer is only as useful as the software you run on it, so you should keep your PC’s software current–and not necessarily with the latest version of a program that’s getting long in the tooth. Sometimes, switching to a new application can help you speed up your work or make your system more efficient.

PCWorld examined software tools for handling 11 categories of common (and essential) PC tasks: presentations, fi­­nancial planning, note taking, file management, photo editing, email, word processing, music organizing, remote access, cleanup/optimization, and backup. In each instance, we identified the dominant program, a promising challenger, and (where applicable) an online alternative. Our category coverage in­­vites you to consider the pros and cons of each type of contender: incumbents, up-and-comers, and Web apps.

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