Business Vehicle Purchases: What Is Deductible for 2020?

August 5, 2020

Purchases of new and used business vehicles may qualify for tax breaks under current tax law. If you need a new vehicle to use for business purposes, review these details before you go shopping. Some vehicles may qualify for bigger deductions than others.

Read more

Overview of Real Estate Depreciation Changes

December 12, 2018
Real Estate

The new tax law is giving real estate investors reason to celebrate this tax season.

The Tax Cuts and Jobs Act (TCJA) included several favorable changes to the federal income tax depreciation rules for real estate. However, one intended change didn’t make it into the statutory language, and there are some potential pitfalls to avoid. Here’s what real estate investors need to know. Read more