Taxpayers often assume that clothing purchased for work qualifies as a tax deduction. The tax law takes a much narrower view.   As a general rule, the IRS does not allow a deduction for work clothing if it serves as everyday streetwear. This rule applies even when a taxpayer buys the clothing solely for work and never wears it outside the job. Business suits, skirts, dresses, and other professional attire do not qualify for a deduction. Casual work clothing, such as khaki pan

The One Big Beautiful Bill Act (OBBBA) expanded the deductions available for business vehicles in 2025. Timing and vehicle type are critical. Heavy SUVs, Pickups, and Vans  These vehicles with a gross vehicle weight rating (GVWR) over 6,000 pounds may qualify for: 100 percent bonus depreciation Section 179 expensing up to $31,300 for SUVs and $2.5 million for trucks and vans No luxury limits   Example.  A $50,000 SUV used 90 percent for business produces a $45,000 deduction t

When it comes to IRS audits, one of the most common reasons taxpayers lose deductions is the lack of proper documentation. While your...