If you use part of your home for business, you may be able to deduct expenses for the business use of your home. These expenses may include mortgage interest, insurance, utilities, repairs, and depreciation. Refer to Home Office Deduction and Publication 587, Business Use of Your Home, for more information.
CVS closing 200 stores. In an effort to restore long-term, double-digit earnings, drug store retailer CVS Corp. announced that it plans to close 200 of its 4,100 stores, close its North Carolina distribution center and improve its in-store service.
Macy's announced on Thursday that it's closing 14 stores as part of a restructuring plan to boost online sales. The 14 closures will affect less than 2 percent of the chain's 790 stores, but will eliminate more than 1,300 jobs. Macy's said the stores will close in early spring, and final clearance sales will begin on January 12. Here's a list of the stores that are closing, along with the number of jobs being lost at each location. Metro Center, Phoenix, AZ (88 associates). Cupertino Square Mall, Cupertino, CA (111 associates). Promenade (main store), Woodland Hills, CA (112 associates).