There was a real fear that bonus depreciation might go away, and robust Section 179 expensing would be at least partially limited, but Congress has handed business owners two gifts by extending these tax breaks through December 31, 2014. Bonus depreciation and Sec. 179 expensing are two of the business tax extenders that President Barack Obama signed into law just before Christmas.
Forbes.com article here
Section 179 primer and Q&A here
Related article: Top Small Business Tax Deductions