Glossary

Business Leasehold Improvements Deduction

The Business Leasehold Improvements Deduction is a tax provision available for businesses that modify rented premises to enhance usability. It allows businesses to deduct the cost of these improvements annually.

Professional Mediation Services Deduction

The Professional Mediation Services Deduction allows taxpayers to claim a deduction for fees paid for mediation services that are directly related to settling disputes that may affect their tax obligations.