For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

A bipartisan deal between leaders of the House and Senate tax-writing committees would raise limits on the Section 179 expensing provision that is popular with farmers. The deal also would restore a ...

WASHINGTON, Feb. 13, 2015 – The House voted to make permanent the expired Section 179 expensing allowance, but the popular tax break is likely headed to another temporary extension until Congress can ...

Q I expanded my business in 2014 and purchased a significant amount of furniture, fixtures and equipment. Will I be able to deduct all these purchases on my 2014 tax returns? In addition, will the ...

Is your business expecting a very profitable year, knowing you will have a painful income tax debt to pay next April? Do you have plans to purchase some equipment within the next six months? If so, ...

Bonus depreciation deductions are gone for good, which means small-business owners are generally required to write off equipment costs under the Modified Accelerated Cost Recovery System, or MACRS.

Section 179 expensing can be a very powerful tax-planning tool for small- and medium-sized businesses acquiring capital assets. While it doesn't change the amount of depreciation you can take over the ...