Deductions & Credits

Casualty Loss: Definition, Calculation, and Tax Deduction Rules

How to Report Passive Loss Carryover on Form 8582

Cost Recovery Definition: MACRS, Section 179, and Bonus Depreciation

When Is Graduate School Tuition Reimbursement Taxable?

Is Alimony Taxable Income? The 2019 Cutoff and How to Report It

Form 1095-A: SLCSP, Form 8962, and Repayment Caps

Can I Write Off My Property Taxes? SALT Cap, Escrow, and Rentals

Reduction in Basis: Section 179, Bonus Depreciation, and Credits

What Happens When You Sell a Fully Depreciated Asset?

IRS Vehicle Trade-In Rules: Gain, Recapture, and Depreciation Caps