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Articles: Tax Deductions

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What Deductions can I Claim Without a Receipt?

What Deductions can I Claim Without a Receipt?

The “$75 rule” allows business owners to deduct four common business expenses without a receipt—but only if the expenses are less than seventy-five dollars. Remember the “$75 rule?” Here are, well, the rules.

Is Depreciation Tax Deductible?

Is Depreciation Tax Deductible?

Is depreciation tax deductible? Which assets can and can not be depreciated? Stay informed with my comprehensive guide to depreciation.