Taxes usually bring to mind the same familiar write-offs, but the rules are broader than most people realize. Court decisions ...

Ezra Dyckman and Charles Nelson explain how the new federal tax law expands bonus depreciation opportunities but caution that ...

From expanded deductions to state-specific rules, these updates could help farmers save money and optimize their tax ...

In the wake of a tax and spending bill, business owners should reconsider how they invest and how their companies are ...

Learn how to use IRS Form 4562 to claim depreciation and amortization deductions for business property. Understand the criteria, asset types, and filing process.

Below is our annual guide to Tax Code Section 179 for self-employed and business owners who buy a vehicle. This guide encompasses qualifying vehicles purchased in the 2025 calendar year for the ...

Some of the most valuable tax breaks are also the ones most likely to draw extra attention if you get the details wrong. To ...

Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses. Self-employed individuals and freelancers can deduct costs such as rent, utilities ...

DEPRECIATION OF LUXURY CARS requires careful analysis due to recent tax law changes. OPTIMIZATION OF LUXURY-VEHICLE DEPRECIATION demands thoughtful analysis of the IRC section 179 expense allowance, ...

These seven common deductions draw IRS scrutiny — not because they're suspicious, but because most people document them wrong ...

Tax rules are supposed to be neutral, yet the code is packed with provisions that let high earners legally shrink their bills ...

Opinions expressed by Entrepreneur contributors are their own. The IRS categorizes repairs and improvements differently. To ensure accurate deductions, you’ll need to be able to differentiate between ...