If you plan on starting a business or expanding an existing business, it is important to know that you will not recoup all the expenses as tax deductions. However, there are steps that you may take to ...

Vice President Kamala Harris on Wednesday will unveil a new proposal to provide small businesses with a $50,000 tax deduction for startup expenses, ten times the current $5,000 allowable deduction, ...

We all love to bash the IRS (in many cases they deserve it), but crazy tax rules come from Congress, the IRS just enforces them. So today, let’s blame Congress for the complex rules surrounding ...

Kamala Harris is aiming for 25 million new business applications in her first term. To get there, she's proposing an increased tax deduction and reduced red tape. That comes after a post-2020 small ...

While the IRS does not recognize startup costs as capital expenditures, they do state that you can deduct $5,000 of business startup and $5,000 of organizational costs paid or incurred after October ...

Vice President Kamala Harris is proposing to increase the standard tax deduction for small business startup costs tenfold as part of her broader economic agenda if she wins the White House this ...

Related: Finally, Tax Season is Over. Or Is It? Here are 5 Things You Need to Do All Year to Reduce Tax-Season Stress.

WASHINGTON—Vice President Kamala Harris will propose a 10-fold expansion of a tax deduction for new small businesses and announce a goal of 25 million new small-business applications in her first term ...

Conservative economists are pouring cold water on Vice President Kamala Harris' new proposal aimed at reducing startup costs for new small businesses as part of her "Opportunity Economy" economic ...