Skip to main content

DiSabatino CPA Blog

DiSabatino CPA Blog

A blog by Michael DiSabatino CPA with topics on Tax Savings, Business, Management and more...
1 minute reading time (92 words)

Section 179 Update!!

Section 179 Update!!
Sect. 179 Update

The U.S. House of Representatives approved a proposal
that would expand the expired Section 179 tax deduction from the current $25,000 to $500,000 extending the break till the end of 2014.  The Senate is expected to vote on the measure this week.  If it is approved by Congress, as expected, it could go to the White House early next week for the President's signature (no guarantee that legislation will become law).  To take advantage of the increased limit, new equipment must be placed into service before year end, so the gamble continues....
 
3
×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Review your credit policies
Self-employeds get tax breaks

Related Posts

 

Speed Up Your Success!

Contact Us Today: 1-805-389-7300