Assets like equipment, vehicles and furniture lose value as they age. Parts wear out and pieces break, eventually requiring repair or replacement. Depreciation helps companies account for the ...
Learn which vehicles retirees should trade in now to avoid steep depreciation and protect their long‑term finances.
Depreciation recapture taxes gains from selling depreciated property as ordinary income, reclaiming prior tax benefits. If you’re a business owner, you’ve probably bought at least some property to use ...
Legislation passed in 2025 can provide significant additional tax savings for individuals who own rental properties or commercial real estate. A basic understanding of 100% bonus depreciation and ...
The IRS has issued new guidance on bonus depreciation, which was made permanent under the One Big Beautiful Bill Act. Here’s what to know about what property qualifies and when you can benefit.