Tax Code 179
Here is the latest on the Tax Code 179. This is an important topic that we discuss in our Patients to Profits Workshops and Dinner Series. We discuss how it can help you in your business. This allows you to invest in new technology and set you apart in the industry.
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January 1, 2016. For the upcoming 2016 tax year, Section 179
has been restored to its original limits of $25,000 plus an adjustment for inflation.
For complete details go to: http://section179.org and bookmark the page for easy reference.
Special features of Section 179:
Section 179 Deduction is available for more new and used capital equipment, and also includes certain software.
Bonus depreciation can be taken on new equipment only (not used equipment or software).