The Tax Cuts and Jobs Act of 2017 expanded bonus depreciation to additional assets and allowed for 100% bonus depreciation. While the qualification for bonus eligibility does not change, the amount ...

As the new year begins, many people are beginning to think about possible tax planning strategies to use in 2022 that could reduce their tax bill next year. While a plethora of strategies are ...

Knowing the residual value or percentage on a depreciated piece of property is necessary when you need to know the value of tangible assets for bookkeeping purposes. This information is also important ...

Charity begins at home. Stretch that aphorism to mean that charity can include the donation of your building to a qualified 501(c) nonprofit organization. Such donations benefit both the donor and the ...

When it comes to car ownership, depreciation can quietly erode your wealth more quickly than more visible costs, like ...

If you have to file a homeowners insurance claim to replace damaged, destroyed or stolen items, you might be surprised to learn your policy doesn't necessarily cover the full cost of a replacement.

Considering insurance, gas, maintenance and repairs, most drivers are well aware of how expensive cars are to buy and maintain. In fact, the average cost to own and operate a new vehicle is $8,849 a ...