You may benefit from the Section 179 depreciation tax deduction for business property if your business needs to buy equipment and other depreciable property.
Two Tax Strategies for Maximizing Depreciation Deductions
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3 CARES Act Modifications that Ease Rules for Some Tax Losses
The CARES Act eases the rules for claiming certain tax losses and liberalizes rules for NOL carryforwards. Here’s a look at the modifications.
The CARES Act Makes Favorable Changes to Net Operating Losses
You may be able to benefit by carrying a net operating loss (NOL) into a different year — a year in which you have taxable income — and taking a deduction for it against that year’s income.
How to use your Website as a Tax Deduction
It’s an easy decision to set a website up and maintain it. But determining the proper tax treatment for the costs involved isn’t so easy.