Tax News

January 1, 2015 - For the 2015 tax year, Section 179 Deduction Limit is $25,000 and no bonus depreciation is available.

For the most up-to-date information on Section 179 and the deduction limits visit www.section179.org.

If you purchased equipment or technology in 2014, the deduction limit was retroactively reinstated to $500,000 and bonus depreciation was set at 50%.  Visit this Section 179 tax calculator to help determine your savings.

 

What Does Section 179 Mean for You?

There are incredible tax benefits for business owners through Section 179 of the U. S. Tax Code.

Bob Creamer explains how you can take advantage of this information in his article, What the New Tax Laws Mean for Dentists? 

Bob Creamer is a nationally recognized authority on the business of dentistry.  Also an indpendent C.P.A., Creamer is President of Creamer and Associates.

What is Section 179?

Section 179 of the U.S . Tax code allows you to buy or lease qualifying equipment and/or software and then take a full tax deduction in on the purchase in the year of the purchase.

Source: www.section179.org

 
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