NPES Urges Legislators to Vote 'Yes' on America’s Small Business Tax Relief Act of 2015
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Section 179 expensing allows businesses—large and small—to immediately deduct the cost of qualified capital investment in the year that it is purchased, rather than having to depreciate it over many years. Since 2003 Congress has repeatedly expanded and extended Section 179 expensing nine times, during two Presidential Administrations, six Congresses, under both Democratic and Republican leadership, and has steadily increased the amount of investment that businesses can expense from $25,000 to $500,000. But these expansions and extensions have only been temporary, and regrettably at the beginning of 2015 Section 179 has reverted to only 25,000 where it will remain unless Congress acts.
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