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.
JCPenney recently announced that it would close 130 to 140 stores in the next couple of months because of slowing traffic and sales. The department-store chain hasn't yet released a list of which stores it will close, but Morningstar Credit Ratings has identified 39 stores most at risk of closing, based on the stores' sales data.