Opinion: Hidden ‘bonus’ write-offs hide the true cost of tax breaks
With major provisions of President Trump’s Tax Cuts and Jobs Act of 2017 set to expire this year, there’s increased attention ...
Everyone’s Favorite Small-Business Tax Deduction Gets a Boost for 2025 and More May Be on the Way
In addition, the total spending allowance to claim the deduction has been increased to $3.13 million. Once that cap is ...
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Straight-Line Depreciation For Small Businesses
Why is the straight-line depreciation method important? The straight-line depreciation method is important because you can ...
Want more housing construction? Change this federal tax code provision, professor says
Accelerated depreciation "could be a very cheap way of increasing the housing supply," said Richard Green, a USC professor.
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5 Ways to Pay Less in Taxes on Your Rental Income
The IRS provides specific guidelines on the depreciation schedule for different types of assets so you can ensure that your deductions are accurate and compliant. Tracking expenses is critical for ...
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Depreciation's Tax Break Has Consequences for Real Estate Investors
Real estate investing provides many tax benefits, and depreciation is one of the biggest. It’s also one of the more misunderstood. Depreciation lets you deduct a portion of the cost of the ...
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Everyone’s Favorite Small-Business Tax Deduction Gets a Boost for 2025 and More May Be on the Way
At a 35 percent tax rate, this will equate to $43,750 ... It’s been following that schedule, as 2025’s bonus depreciation is 40 percent. However, since Donald Trump was the one who made ...