Business Tax

Business tax pages focus on tax vocabulary that becomes important once income is tied to business activity rather than only wages. The goal is to explain the tax concept itself, not to become a full business operations encyclopedia.

Start Here

• Depreciation
• Section 179 Deduction
• Bonus Depreciation
• Pass-Through Entity

What This Section Covers

• Common business-only tax concepts that change deductions or reporting.
• How timing, basis, and expense treatment can affect the current-year return.
• The tax vocabulary small-business owners often encounter early.

Related Sections

• Entity Taxation
• Tax Forms and Filing
• Capital Gains and Basis

In this section

• Bonus Depreciation
  Bonus depreciation is a business tax concept that can allow faster cost recovery for qualifying property than ordinary depreciation alone.
• Depreciation
  Depreciation is the tax concept that spreads the cost of certain business property over time instead of treating the full cost as an immediate current expense.
• Section 179 Deduction
  The Section 179 deduction is a business tax deduction concept that can allow certain property costs to be deducted more quickly instead of recovered only over time.