As farms continue to get large and the value of farm machinery increases as well, the impacts on first year depreciation ...

Being smart with your year-end finances can help your farm’s bottom line. Learn more in this guide to maximizing tax ...

You can deduct business expenses from your small business revenue to lower your tax bill in several ways. Business deductions can sometimes reduce your income on a dollar-for-dollar basis.

It's an above-the-line deduction, meaning you can take advantage of it without needing to meet a high medical expense threshold. While many taxpayers know they can deduct certain medical expenses ...

Your 1099 independent contractor deductions lower the amount you'll ultimately have to pay in taxes as a self-employed contractor. "Not keeping good track of their business expenses is one of the ...

You can also claim a depreciation deduction based on improvements made to a residential rental property you own. These expenses are depreciated over time, usually 27.5 years. The full cost of the ...

Medical expenses tax deduction Are medical expenses tax deductible? What medical expenses qualify? Deductions for out-of-pocket expenditures How to deduct medical expenses from your taxes Medical ...