Under the tax laws, business owners are allowed to recover all or part of the cost of certain purchases up to a certain limit by deducting it immediately in the year the property is placed into ...

Section 179 covers tangible property such as machinery, equipment, computers, and certain off-the-shelf software “acquired by purchase” for use in the active conduct of your trade or business.

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 ...

The section 179 deduction allows a small business to take a tax deduction for the entire cost of certain property and equipment in the year it buys that property. That produces a larger, more ...

It appears from the farmer's tax guide that field drainage tile is a sec. 179 deduction for 2010 and 2011. Does that include both the labor and materials cost? Is there a limit on the amount I can ...

Q I expanded my business in 2014 and purchased a significant amount of furniture, fixtures and equipment. Will I be able to deduct all these purchases on my 2014 tax returns? In addition, will the ...

With the large increase of Section 179 deduction for 2010 and 2011 to $500,000 and 50% bonus depreciation on new assets in 2010 and possibly 100% in 2011, it is now even more important for your tax ...

While 100% bonus depreciation may be the “flavor of the month” when it comes to accelerated depreciation, it is limited to original-use property and is currently scheduled to sunset for most property ...

The Section 179 rules for 2012 were set to return to $25,000, with a phase-out threshold of $200,000. The Tax Relief Act increased the maximum Section 179 deduction for 2012 to $125,000. The 179 ...