Not exact matches
The valuable personal exemption, which was essentially an
additional $ 4,050
deduction for every taxpayer and dependent, is going away, which could actually translate to less of a total
deduction for taxpayers with
several dependents.
I have done
several days of
additional research on this and found out that it appears I can deduct the cost of the books against a single year's royalty income by claiming a Section 179
deduction.
The valuable personal exemption, which was essentially an
additional $ 4,050
deduction for every taxpayer and dependent, is going away, which could actually translate to less of a total
deduction for taxpayers with
several dependents.