Yes. There are some changes to self-employed business expense deductions, including:
Here are the maximum allowable deductions (without bonus depreciation):
Meals and entertainment expenses:
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I purchased a USED Pick up Truck Nov 2017 to be used for my Farm business in 2018. Can I use the one time special depreciation (100% of value) on my taxes for 2018? What is the best method of determining value for my truck that was purchased 45 days prior to 2018?
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