https://blog.fiducial.com/wp-content/uploads/2019/06/tax-planning_03-1.jpg 200 448 fiducial https://blog.fiducial.com/wp-content/uploads/2019/06/logo-2.png fiducial2015-01-14 23:57:422019-06-24 23:58:55SECTION 179 DEDUCTION
SECTION 179 DEDUCTION
This refers to a section of the Internal Revenue Code that permits taxpayers to expense (write off in one year) up to $510,000 in 2017 (up from $500,000 in 2016) of business equipment expenditures that would normally have to be depreciated over their useful lives. The $510,000 allowance is gradually reduced for businesses that place into service more than $2,030,000 in 2017 (up from $2,010,000 in 2016) of business equipment during the year.
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