It’s a good time to buy business equipment and other depreciable property

By / News
17 Jul 2019

It’s a good time to buy business equipment and other depreciable property

The Section 179 deduction has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of depreciating them over time. For 2019, the maximum deduction is $1.02 million, subject to a phaseout rule if more than $2.55 million of eligible property is placed in service during the tax year. Even better, the Sec. 179 deduction isn’t the only...

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