How Deducting Business Losses Changed with TCJA

Deducting Business Losses RS

TCJA has placed some limitations on deducting business losses. Here’s a look at the changes in the rules and how they might affect you.

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What you Need to Know About Business Interest Limits

Business Interest Expense Image

The Tax Cuts and Jobs Act (TCJA) introduced a variety of tax benefits for businesses. but it placed limits on several tax breaks, including interest expense deductions.

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IRS Offers Nonprofits New Transportation Benefits Guidance

Transportation Benefits

The Tax Cuts and Jobs Act (TCJA) dealt several blows to the nonprofit sector. One of them is that, effective January 1, 2018, nonprofit employers are subject to tax on transportation …

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What You Need to Know About Depreciation-Related Breaks on Business Real Estate

Business Real Estate

Special tax breaks that allow deductions to be taken more quickly are available for certain real estate investments. There are two breaks you might not be able to enjoy due to …

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