Business Tax

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.

The Modified Accelerated Cost Recovery System is the main federal depreciation system for most business property placed in service after 1986.

Listed property is certain mixed-use business or investment property, especially vehicles, that faces stricter substantiation and depreciation rules.

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.

Bonus depreciation is a business tax concept that can allow faster cost recovery for qualifying property than ordinary depreciation alone.

Business deduction and cost-recovery terms that shape how operating activity is reported for tax purposes.