Many small business owners are pleased to learn that a vehicle they purchased for use in their company may qualify for a Section 179 tax deduction. Carefully using Section 179 vehicles can bring tax ...

Section 179 is one of the more misunderstood parts of the US tax code. While many companies take advantage of the tax deduction for equipment purchases, a surprising number of US businesses do not.

The main benefit of Section 179 is that you get to deduct the cost of eligible property immediately. By contrast, most business property requires depreciation over the course of its useful life. For ...

Section 179 is a federal rule intended to help small and medium-sized businesses by allowing them to receive specific tax benefits sooner if they choose to do so. If you purchase assets for your ...

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 ...

After the Commercial Clean Vehicle Credit (Section 45W) expired on September 30, the “experts” rushed out predictions of an EV sales slowdown in Q4. But, with over 6,800 pages in the Internal Revenue ...

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 ...

Thanks to the Section 179 deduction, you might not have to wait around to depreciate your business’s assets.

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 ...

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 ...