On your personal Form 1040, you can deduct more than Schedule F income ... Schedule F in following years and will reduce SE tax. Excess bonus depreciation (that creates a loss) can only be carried ...

When deciding whether to lease or buy a car, you should look beyond monthly payments and interest rates to make a decision.

commonly called “straight-line” depreciation, is roughly an evenly paced three-year deduction that’s spread over four tax years: year one, 17% of the cost of the truck; years two and three ...

Gray/U.S. Navy The story of Republican tax policy in the Trump era is the ... The good idea was Mr. Trump’s proposal to let companies deduct the full cost of capital expenditures in the year ...

Bonus depreciation is a key tax provision that has gained considerable attention. It enables companies to immediately deduct a large portion of the cost of eligible assets, such as machinery ...

The home office deduction allows some filers to claim a tax break for expenses incurred ... This could also include depreciation, which subtracts a portion of your home's value over time.

Being smart with your year-end finances can help your farm’s bottom line. Learn more in this guide to maximizing tax ...

The alternative minimum tax (AMT) is designed to ensure that certain taxpayers who benefit from various deductions and tax ...