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, ...

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 ...

With the large increase of Section 179 deduction for 2010 and 2011 to $500,000 and 50% bonus depreciation on new assets in 2010 and possibly 100% in 2011, it is now even more important for your tax ...

The section 179 deduction allows a small business to take a tax deduction for the entire cost of certain property and equipment in the year it buys that property. That produces a larger, more ...

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 ...

Wylie Wong is a freelance journalist who specializes in business, technology and sports. He is a regular contributor to the CDW family of technology magazines. For business owner Ric Lee, taking ...

I started my farming operation in late 2011 and purchased property that included drain tile and a gravel road. As I understand these qualify for 179 expense deductions after I allocate my purchase ...

It appears from the farmer's tax guide that field drainage tile is a sec. 179 deduction for 2010 and 2011. Does that include both the labor and materials cost? Is there a limit on the amount I can ...

SIGNIFICANT SAVINGS: Under the expansion of Section 179, commercial HVAC contractors operating at a 35 percent tax bracket may immediately save approximately $70,000 in taxes on a $200,000 HVACR ...

The Act permanently extends Section 179 of the Internal Revenue Code of 1986, as amended (the “Code”), which provides taxpayers with an election to expense certain depreciable business assets ...

Q: In early 2008, I opened a new business and purchased furniture, fixtures and equipment. Will I be able to deduct all these purchases on my 2008 tax returns? A: Yes, you will be able to deduct part ...