Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...

The home office deduction could provide a tax break on your 2024 return. Here's who qualifies and how to claim it.

Tax credits are important for businesses aiming to maximize profitability and sustainable growth. Bonus depreciation is a key ...

The IRS issued the 2025 depreciation limitations for passenger vehicles, including those for which bonus depreciation is applied.

You can also claim deductions for a portion of other expenses such as rent or property taxes, home depreciation, and utilities ‒ based on the proportion of the space to the rest of your house.

Property tax is also deductible up to the $10,000 state and ... You can write off repairs, property management fees, and even depreciation. And if you’re house hacking, like renting out a ...