If you drive for Uber, Lyft, or any other rideshare platform, you are running a business — and the IRS treats you like one. That means you file a Schedule C, you pay self-employment tax, and you are entitled to a long list of deductions that most drivers either miss entirely or claim incorrectly. The
Learn MoreEvery year, millions of Americans sit down with TurboTax, H&R Block Online, or another tax software program — and every year, a significant number of them leave money on the table. The IRS has estimated that taxpayers who prepare their own returns miss an average of $460 in deductions and credits per filing. For self-employed
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By Abdul Chowdhury | Dynamic Tax & Accounting At a Glance 100% bonus depreciation is permanently restored under the OBBBA — cost segregation studies can now unlock massive first-year deductions on rental property improvements Property taxes on rental properties are fully deductible on Schedule E — no SALT cap applies to investment property The $25,000
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By Abdul Chowdhury | Dynamic Tax & Accounting At a Glance The April 15 tax filing deadline is closing in fast. If you haven’t completed your tax preparation yet, you’re not alone — millions of Americans wait until the final stretch. But this year, there’s an extra wrinkle you need to know about before you
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By Abdul Chowdhury | Dynamic Tax & Accounting At a Glance The One Big Beautiful Bill Act (OBBBA), signed July 2025, permanently restored or expanded five major small business deductions 100% bonus depreciation is now permanent — deduct the full cost of qualifying equipment and property in year one Section 179 deduction 2026 limit raised
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