by raleighcpa | Dec 11, 2018 | Blog, Deductions, Tax Payments, Tax Returns
While last year’s Tax Cuts and Jobs Act includes tax changes for both individuals and businesses, this publication is specifically geared to individual taxpayers. It breaks down the law in easy-to-understand language. The publication highlights the changes that...
by raleighcpa | Nov 19, 2018 | Deductions, Tax Returns, TCJA 2017, Vehicle Depreciation
The Tax Cuts and Jobs Act of 2017 (TCJA) increased depreciation limits for passenger vehicles (not SUVs). If the taxpayer doesn’t claim bonus depreciation, the greatest allowable depreciation deduction is: $10,000 for the first year, $16,000 for the second year,...
