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Section 179 Tax Deduction
Visit this site for more information on this tax deduction or visit your CPA to discuss - Section179.org. The Section 179 Tax Deduction was once again reduced to only $25,000. This petition is to encourage Congress to again increase the deduction to $500,000. As I am sure you are aware, the Section 179 deduction is a huge benefit to small businesses. See below an explaination of stated benefits:
2015 Deduction Limit = $25,000
2015 Spending Cap on equipment purchases = $200,000
Bonus Depreciation: not available in 2015
The above is an overall, "simplified" view of the Section 179 Deduction for 2015. For more details on limits and qualifying equipment, as well as Section 179 Qualified Financing, please read this entire website carefully. We will also make sure to update this page if the limits change.
Here is an example of Section 179 at work during this 2015 tax year:
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