Section 179 of the U.S. tax code offers businesses a powerful opportunity to reduce their tax liability by allowing them to deduct the full cost of qualifying assets in the year they are placed ...

Before I go any further, let me quickly go over what Section 179 is. It is the tax deduction that allows companies to write off the full purchase price of qualifying new and used equipment ...

If so, could you purchase that equipment before the end of 2024? There is a wonderful benefit in the tax law for your situation. It’s called “section 179 deduction.” A small business can often ...

The expense of software development can be claimed now or capitalized and amortized based on the taxpayer's circumstances and whether or not tax deductions should be accelerated or deferred. Section ...

By the calendar, it’s January 2025, but if your business is on a fiscal year, you may still be in 2024 — at least for tax ...

How do I write off a computer for my business? If you use your computer in your business for more than 50% of the time, you can deduct the entire cost under a provision of the tax law known as Section ...

Whoa, heavy, man. The 5,441-pound Tesla Model X will be eligible for a massive $25,000-tax deduction from the IRS, if you own your own business. To qualify for a Section 179 tax break, the IRS ...

Restoring the tax provision would allow farms and dairies to write off capital purchases instead of depreciating them over time. Dairy producer Pete Wiersma would like to buy another feed truck ...