Automated Tax Credit - Tax Debt Resolution

Glossary

Foreign Business Trip Insurance Deduction

The Foreign Business Trip Insurance Deduction allows businesses to deduct expenses related to insurance purchased for employees' international travel for business purposes.

Specialty Tools Deduction

Specialty Tools Deduction allows certain professionals to deduct the cost of necessary tools and equipment crucial for their trade or occupation from their taxable income.

Environmental Cleanup Costs Deduction

Environmental Cleanup Costs Deduction refers to tax benefits associated with expenses incurred during the cleanup of hazardous waste sites. This incentive aids businesses in offsetting costs while promoting responsible environmental stewardship.