Bonus depreciation allows business owners to write off fixed asset purchases immediately rather than expense them over time. Here's how to account for it.
If you have high-interest debt looming over you, bonus money can be a way to make a dent in the balance — and possibly pay off the debt entirely. Credit card debt is likely to cost you the most in. Jan 18, 2018 To use a bonus most tax-efficiently, you’ll need to juggle multiple objectives and concerns. If you’re expecting to get more than one bonus per year, it’s important to consider all of the possible ways to invest a bonus to maximize its potential value.