Small business tax credits and deductions you should know about
BMT Office Administration
MARCH 3, 2023
IRC § 179 deduction for depreciable business assets Normally, when you buy a piece of office equipment, you must depreciate it over the number of years of its useful life. For 2023, you can deduct up to $1.16 For 2023, you can deduct up to $1.16 In 2023, this amount is $2.89 Your taxable income.
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