Michigan's main incentive for decoupling was to increase state revenue, as Michigan heavily relies on state income taxes as its largest revenue source.

Learn how to use IRS Form 4562 to claim depreciation and amortization deductions for business property. Understand the criteria, asset types, and filing process.

Learn how the general depreciation system (GDS) works within MACRS, its methods, tax implications, and how it accelerates asset depreciation.

Maximizing cash flow is always the goal for real estate investors. But many are leaving cash on the table by opting for standard depreciation instead of bonus depreciation for qualifying properties.

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The Tax Cuts and Jobs Act (TCJA) of 2017 brought many changes to how farmers handle depreciation. This Act raised the Internal Revenue Service (IRS) Code Section 179 expense election (EE) to $1 ...

Philip Gelderblom has been writing professionally since the '90s. He has written mainly content on a freelance basis, including about cars, future cars, EVs, hybrids and hydrogen cars, self-driving ...

Owning a car is getting more expensive. It's not just the purchase price for new vehicles, which has jumped about 25% since early 2020, according to Kelley Blue Book. A September report from AAA found ...

SellCell, a site that sells used phones, has introduced a tool that offers consumers a real-time, predictive look at how their smartphones will depreciate over time. The Smartphone Depreciation ...

In 2025, mastering MACRS depreciation skills has become crucial for real estate investors. The ( MACRS ) also known as the Modified Accelerated Cost Recovery System, plays a very vital role in the ...