Congress Sweetens the Deal

If you’ve been procrastinating on a new equipment purchase, you might want to re-crunch the numbers before the end of the year to take advantage of raised capital deduction limits

Uncle Sam wants you … to buy things. Big things. And to motivate you to spend money on equipment, Section 179 of the federal tax code allows businesses to write off capital expenditures immediately, putting quick cash in a company’s coffers.

That’s nothing new. Section 179 has been...

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