Note, however, that bonus depreciation is being phased out. The percentage rate used to calculate the immediate deduction was 100% for the 2022 tax year, but it drops 20% each year until it’s 0% for the 2027 tax year. The second special rule is called Section 179 expensing (the ...
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Yet the messaging is right, as the state tries to lure business investment. Mississippi is sandwiched between two economic powerhouses, Texas and Florida, which don’t tax their residents’ incomes. Neither does Tennessee next door. …a law passed in 2022 is already set to cut that next ...
(the blog title totally makes sense now, right?). Professional journalist. Tax geek. LinkTree My Other Accounts Tick ... Tick ... Tick Tax Year 2025 Continues!We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 27, the IRS said it...
If you owe a tax bill, your best bet is taking steps now to file your return and start making payments toward that debt, because interest and penalties are accruing. The IRS offers a variety ofpayment options, including payment plans if you can’t pay in full right away. ...
Wondering if you'll get a tax refund, how long you'll have to wait and how to maximize it? Find all the answers right here.
According to a draft of IRS Publication 501, you must file a tax return for 2022 under any of the following circumstances if you're single, someone else canclaim you as a dependent, and you're not age 65 or older, or blind:
(the blog title totally makes sense now, right?). Professional journalist. Tax geek. LinkTree My Other Accounts Tick ... Tick ... Tick Tax Year 2025 Continues!We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 27, the IRS said it...
These platforms allow you to receive payments for your business, but they don’t help you escape the IRS. Erica SandbergMarch 26, 2025 Do You Owe the IRS? How to Find Out If you owe back taxes, it’s important to act quickly and set up a plan to repay them. ...
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