Depreciation

First-Year Depreciation Deductions under the TCJA

May 30th, 2024|Categories: Accountant, Business, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Depreciation, Tax, Tax Advisor, TCJA, The Burns Firm|Tags: CPA Dallas, cpa near me, depreciation, First-Year Depreciation Deductions under the TCJA, tax, tax advisor, TCJA, The Burns Firm|

The Tax Cuts and Jobs Act (TCJA) included good news for taxpayers that use cars, SUVs, pickups and vans for business purposes. Specifically, it permanently liberalized the Section 179 first-year depreciation [...]

Business Automobiles: How the Tax Depreciation Rules Work

October 19th, 2023|Categories: Accountant, accountant near me, Burns Firm, Business Automobile, Business Write-offs, CPA, CPA Dallas, CPA near me, Dallas CPA, Depreciation, Services, Tax, tax accountant, Tax Advisor, Tax Deductions, Tax Depreciation, Tax Planning, The Burns Firm|Tags: Business Automobiles, cpa near me, Dallas CPA, Dallas CPA firm, tax, tax advisor, tax depreciation rules for business automobiles, tax rules, The Burns Firm|

Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply [...]