2017 Section 179 deduction

Standard

In 2017, businesses can expense up to $510,000 of qualified new or used business equipment purchases, with a $2,030,000 annual purchase limit. In addition, new equipment purchased in 2017 may qualify for 50% bonus depreciation. This rate drops to 40% in 2018, so plan your purchasing accordingly.

Contact us if you need your tax returns professionally prepared.  We specialize in small to medium size businesses and the individuals who own them.

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