Tax Write-Off vs. Tax Deduction vs. Tax Credit: What’s the Difference?

Among tax write-offs, deductions, and credits, you have a few different ways to ease the financial burden of paying your taxes. With these tax advantages, you can lower your taxable income, reduce ...

This 100% write-off is 'permanently' back under Trump's beautiful bill. And it could save 6 ...

But thanks to the 100% bonus depreciation rule introduced in the Tax Cuts and Jobs Act and made permanent in Trump’s One Big ...
WRAL

Should NC gamblers get a tax write-off for losses? Some state lawmakers think so

North Carolina state Rep. Keith Kidwell is a strong opponent of gambling, but he spoke in a legislative committee Tuesday pushing for a bill that would help gamblers avoid the big tax hits that some ...
WKYC3

Tax Day: Bizarre-but-true write-offs that actually worked

CLEVELAND — Greetings, fellow taxpayers, on this our darkest day. Americans have a long, romantic history of deploring taxation. The Boston Tea Party was essentially an elaborate tantrum over a new ...
KEYT

LLC expenses cheat sheet: 16 tax write-offs for businesses

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...