Bonus depreciation is gradually being phased out, impacting how businesses plan their capital expenditures. The phaseout schedule was established by the Tax Cuts and Jobs Act of 2017, which ...

As agriculture continues to advance, farmers and ranchers are faced with large capital investments to maintain their ...

Under the previous tax law, bonus depreciation was allowed only on new ... (trailers are generally depreciated on a five-year schedule), many owner-operators fail to realize that large repairs ...

In an effort to tamp down rising taxes, the towns of Putnam and Plainfield have turned down a state-authorized option to assess motor vehicles at a higher value on their grand lists. The governing ...

Real estate investing provides many tax benefits, and depreciation is one of the biggest. It’s also one of the more misunderstood. Depreciation lets you deduct a portion of the cost of the ...

What are some depreciation tax advantages? How to report depreciation? How is it calculated? The Internal Revenue Service defines depreciation as a yearly income tax deduction, allowing the ...