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Bankrate insight. A marketing business owner travels across the U.S. to meet clients. In 2023, they traveled 5,000 miles in total. They can deduct $3,275 ($0.655 for 2023 standard mileage rate x ...
At the center of her new plan is the small business tax deduction currently in the tax code that allows would-be entrepreneurs to deduct up to $5,000 for things like business start-up costs.
The SECURE Act 2.0 introduced several new retirement-related tax changes, one of them being an increased tax credit for small businesses that offer retirement plans.
The proposal would tenfold expand the small business tax deduction for startup expenses from $5,000 to $50,000, with the goal of 25 million new small business applications in Harris’s first term ...
WASHINGTON (Reuters) -Vice President Kamala Harris will propose a tax deduction of up to $50,000 for new small businesses on Wednesday, a tenfold increase over existing relief and her latest ...
Vice President Kamala Harris to propose tax break expansion for startups and appeal to small business owners in New Hampshire economic speech. ... business tax deduction from $5,000 to $50,000 for ...