Regulations

Final Review Of 2014 Tax Deductions For Your Business

Posted on December 30, 2014

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

Related Topics: business management, finance, fleet financing, taxes

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