Small business tax credits and deductions you should know about
BMT Office Administration
MARCH 3, 2023
Unused credits may be carried back one year and forward for up to 20 years. IRC § 179 deduction for depreciable business assets Normally, when you buy a piece of office equipment, you must depreciate it over the number of years of its useful life. For 2023, you can deduct up to $1.16 In 2023, this amount is $2.89
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