The 2023 Tax Deduction Cheat Sheet
Zenefits
DECEMBER 16, 2022
It’s possible to deduct depreciation as well, and this applies to furniture, equipment, and any other business asset that loses its value over time. The de minimis safe harbor lets business owners deduct assets with a fair market value less than $2,500. Meals for employee meetings or work shifts, 50% deductible. Depreciation costs.
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