For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

I started my farming operation in late 2011 and purchased property that included drain tile and a gravel road. As I understand these qualify for 179 expense deductions after I allocate my purchase ...

BOSTON (CBS) - Normally if you purchase capital equipment for your business you don't get to expense the total cost of the equipment the year you buy it. You depreciate the equipment over its useful ...

In what’s sure to be welcome news for small and midsize companies, the Section 179 tax deduction has been increased by $30,000 for 2025. The total deduction is now $1.25 million. In addition, the ...

Long ago, in 1958 Congress passed one of its many laws making “technical corrections” to the Internal Revenue Code. Mostly, these are truly technical corrections but there are times when substantive ...