Blog
Tax Deduction Guides & Tips
Practical, evidence-based guides to help you identify and document legitimate business deductions.
Tax Rules
Home Office Deduction: Requirements, Limits & How to Claim
Everything you need to know about the home office deduction: who qualifies, simplified vs actual expense method, and how to maximize your write-off.
11 min read·
Tax Rules
Section 179 Deduction: Limits, Qualifying Equipment & How to Claim
Understand the Section 179 deduction for 2024: $1,220,000 limit, qualifying property, how it compares to bonus depreciation, and how to elect it.
9 min read·
Tax Rules
De Minimis Safe Harbor: The $2,500 Rule Explained
Learn how the de minimis safe harbor election lets you expense business purchases of $2,500 or less instead of depreciating them over multiple years.
7 min read·
Tax Rules
Startup Cost Deductions: What Qualifies Under IRC Section 195
Learn what startup costs you can deduct under IRC Section 195, including the $5,000 first-year deduction and 180-month amortization rules for new businesses.
8 min read·