Bonus Depreciation

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Glossary: Bonus Depreciation

By | May 24th, 2017|Categories: Glossary, Small Business Tax and Accounting|Tags: , , |

Bonus depreciation, in tax terms, refers to an accelerated form of depreciation available on certain types of assets.

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Glossary of Tax Terms: Depreciation

By | February 27th, 2014|Categories: Small Businesses Taxes|Tags: , , |

For tax purposes, what does the term "depreciation" mean?

Ask Jason, 3/16/12

By | March 16th, 2012|Categories: Potpourri of Tax Topics|Tags: , , , |

Q: Can I deduct mileage to a PO box? A: It depends. If you are a home-based business and a portion of your home is used regularly and EXCLUSIVELY for business, then you can deduct any business mileage driven from your home, including to your PO box. If your home is not used regularly and exclusively [...]

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Ask Jason – Section 179 and Bonus Depreciation; Educator Expenses; Box 9 of W-2

By | January 6th, 2012|Categories: State Taxes|Tags: , , , , |

DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. All of the questions below have come from readers over the last couple of weeks: Q: Do I have to take Section 179 if I [...]

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Iowa Section 179 Expense Limits for 2011

By | December 29th, 2011|Categories: Small Businesses Taxes, State Taxes|Tags: , , |

A reminder that Iowa lawmakers finally came to their senses earlier this year and decided to couple with federal law on Section 179 expensing for 2011 and 2012. This means the Iowa Section 179 limit is the same as the federal limit: $500,000 for 2011 and $139,000 for 2012. But remember, Iowa is NOT coupling with [...]

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