This 100% write-off is 'permanently' back under Trump's beautiful bill. And it could save 6 or 7 figures for some US taxpayers. Are you one of them?

But thanks to the 100% bonus depreciation rule introduced in the Tax Cuts and Jobs Act and made permanent in Trump’s One Big ...

Tax Write-Off vs. Tax Deduction vs. Tax Credit: What’s the Difference?

Among tax write-offs, deductions, and credits, you have a few different ways to ease the financial burden of paying your taxes. With these tax advantages, you can lower your taxable income, reduce ...
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LLC expenses cheat sheet: 16 tax write-offs for businesses

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...
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Tax Day: Bizarre-but-true write-offs that actually worked

CLEVELAND — Greetings, fellow taxpayers, on this our darkest day. Americans have a long, romantic history of deploring taxation. The Boston Tea Party was essentially an elaborate tantrum over a new ...
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7 Luxury Items You Can Write Off in Taxes, According to Experts

When it comes to taxes, high-net-worth individuals and business owners have access to some creative ways to legally deduct luxury expenses. But taxpayers shouldn’t try to write off that trip to Mexico ...