Qualifying forgiveness of a Paycheck Protection Program (PPP) loan is excluded from gross income; it creates tax‑exempt income rather than taxable cancellation‑of‑debt income.

Nebraska modified its “convenience of the employer” rule for employer withholding on remote employees who primarily work outside Nebraska

The QBI deduction allows up to 20% of your net qualified business income from domestic trades or businesses, plus up to 20% of qualified REIT dividends and qualified publicly traded partnership (PTP) income.

Report your gross receipts and expenses on Schedule C (Form 1040). Net profit is subject to income tax and self-employment (SE) tax; compute SE tax on Schedule SE if your net earnings from self-employment are $400 or more.

You can deduct expenses that are ordinary (common and accepted in your trade) and necessary (helpful and appropriate) for carrying on your business. This is the baseline test under the Internal Revenue Code.

If you are self-employed (sole proprietor filing Schedule C), you generally deduct ordinary and necessary business expenses under section 162 on Schedule C and take the home office deduction on Form 8829

Selling crypto for fiat, swapping one token for another, spending crypto on goods/services, or otherwise disposing of a digital asset are taxable events that you must report; use Form 8949 to compute gain/loss