The Senate Finance Committee on Monday released its tax and Medicaid provisions for the budget reconciliation bill that ...

In a letter sent to Senate leaders, the NCBA and its state affiliates voiced strong support for what’s been dubbed the “One Big Beautiful Bill.” The legislation would make permanent several key tax ...

The home office deduction could save remote workers thousands—but only if you know which tax rules apply to your situation.

Bonus Depreciation vs. Section 179 . Section 179 allows businesses to claim a larger depreciation deduction for qualifying property for the tax year the asset was put into service. Section 179 ...

The Section 179 deduction, though, lets you expense the entire cost in the year you buy it. If you buy a $2,500 computer, for example, you can claim a $2,500 expense, reducing your taxable profits.

The 549-page text calls for making many provisions of the Tax Cuts and Jobs Act permanent. The committee says that the SALT ...

Explore the impact of the 2017 Tax Cuts and Jobs Act on 1031 exchanges for vehicles, alternative tax strategies, and the ...

The section 179 deduction lets you claim some capital asset purchases as expenses in the year you buy them, saving you from having to depreciate them.

For workers and entrepreneurs, few places are as ripe with economic opportunity as the United States of America.