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Section 179

21 / 10 / 2015 by Greg Freyman, CPA in Business Tax

Planning For The Section 179 And Bonus Depreciation 2015 Limits

In July 2015, the Senate Finance Committee voted 23 to 3 to extend bonus depreciation and the enhanced section 179 deduction through 2016. The full Senate has not indicated if or when it will act on this legislation and the House is not scheduled to take up extenders until the fall. Most practitioners expect it to be reinstated, but time will tell. How should you prepare?

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