Bonus depreciation was raised to 100 percent in 2017’s Tax Cuts and Jobs Act and was scheduled to fall by 20 percent a year from 2023 onward until being phased out altogether in 2027. It’s been ...

Before I go any further, let me quickly go over what Section 179 is. It is the tax deduction that allows companies to write off the full purchase price of qualifying new and used equipment ...

For taxable years in which the total cost of all Section 179 property placed in service exceeds $200,000, this amount is reduced. Your small business, on the other hand, can deduct the full cost of ...

Learn how Southeastern Equipment Company recommends using Section 179 tax deductions in 2024 to save on new equipment purchases and boost your bottom line. Section 179 enables business owners to ...

With President Donald Trump back in the White House for a second term, Americans can expect to see major tax-law changes in ...

Just because you work from home doesn't mean you can deduct a home office on your taxes. Here's how to qualify for the ...

Whoa, heavy, man. The 5,441-pound Tesla Model X will be eligible for a massive $25,000-tax deduction from the IRS, if you own your own business. To qualify for a Section 179 tax break, the IRS ...

Restoring the tax provision would allow farms and dairies to write off capital purchases instead of depreciating them over time. Dairy producer Pete Wiersma would like to buy another feed truck ...

Taxes can be a killer for entrepreneurs. Fortunately, deductions are a great way to reduce tax liability. But how do you know ...