Depreciation-related breaks on business real estate By: David M. Reape What you need to know to file your 2018 return Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the […]
Higher mileage rate may mean larger tax deductions for business miles in 2019 By: David M. Reape This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5 cents, to the highest level since 2008. As […]