The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.” But this potentially
Did you have a college student in your family last year? Were you a student yourself? If so, you may be eligible for
Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy securities — is
Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The PATH
The break allowing taxpayers to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes
Many businesses receive payment in advance for goods and services. Examples include magazine subscriptions, long-term supply contracts, organization memberships, computer software licenses, and
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