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 investment ...
One of the largest deductions for farmers is depreciation, which can be misunderstood in how it works. The tax code allows you to deduct your farm purchases in three ways in the following order: ...
Karla Dennis, EA, MST, is CFO/CEO of the award-winning tax accounting firm KDA Inc.—specializing in tax planning. Buried in the July 4 tax overhaul, formally titled the One Big Beautiful Bill Act, was ...
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