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A good time to invest in upgrading equipment!

Section 179 and Bonus Depreciation may allow you to immediately depreciate capital expenditures Business owners usually prefer to deduct equipment cost in a single tax year, rather than a little at a time over a number of years. These deductions…

Section 179 and Bonus Depreciation

Section 179 and Bonus Depreciation may allow you to immediately depreciate capital expenditures Business owners usually prefer to deduct equipment cost in a single tax year, rather than a little at a time over a number of years. These deductions…
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Great News! Section 179 Signed into Law

Great News! Section 179 Signed into Law Applies to 2015, if Delivered this Year Under current legislation, the bonus depreciation is extended through 2019. This allows businesses to apply a 50 percent bonus depreciation to any equipment bought…
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Section 179 Update

UPDATE: 12/11/2014 Senator Nelsons’ office in DC. They do expect Tax Extenders bill to be voted on this week. No exact date and time set yet. Defense bill took priority today. Tax Extenders which includes Section 179 and allows for equipment/property…

Section 179 Passes House, Goes to Senate

Congress extended Section 179 for 2014 by a vote of 263-155. The bill has been sent to the Senate. Section 179 of the tax code allows small businesses to expense the first $500,000 on purchases of qualified equipment, until they pass $2…