For the upcoming 2014 tax year, Section 179 has been restored to its original limits of $25,000 plus an adjustment for inflation. Once more information is available we will be sure to post an update.
It’s that time of year to start thinking about end of the year tax planning and for 2013 and the section 179 deduction is something to consider. This year the IRS allows for the deduction of up to $500,000 on qualifying capital equipment purchases. This presents a great opportunity to buy much needed equipment for […]