Business owners can use first-year 100% bonus depreciation and the Section 179 expensing election to accelerate tax deductions for qualifying assets. But dollar limits, income restrictions and loss carryover rules may apply. We compare these two tax breaks and explore key considerations in choosing the right depreciation strategy.

Most owners have an idea of what their business is worth. However, potential buyers may perceive things differently. This article explains why you may benefit from a formal business valuation, how valuation professionals estimate fair market value and what factors can affect your business's long-term value.

Basically, a college savings plan allows you to place money in a state plan to be used for the beneficiary's higher-education expenses at any college or university, which include tuition, fees, books, supplies, and certain room-and-board costs. There are several significant advantages to these plans.

The time to look for options in long-term care is long before you need it. You can protect yourself against the catastrophe of having your savings wiped out by a long-term illness. But while insurance coverage can provide peace of mind and a possible tax deduction, be sure you shop smartly for the policy that fits your needs. Here's the lowdown on what can be an expensive proposition.

Contrary to popular belief, no federal law prohibits multiple states from collecting tax on the same income. This article raises some important points to keep in mind for those who maintain residences in more than one state (or may soon do so). We'll also look at some ways an individual can establish domicile in a new state.