Posts made in February, 2014

New Limits on Business Property Expensing in 2014

By on Feb 13, 2014 in Uncategorized | 0 comments

For 2014, two highly favorable federal income-tax provisions for business owners have been curtailed or eliminated. First, special 50% first-year “bonus” depreciation available before 2014 for certain qualified property is no longer available for most types of property. Second, the elective Section 179 expense deduction has been reduced from $500,000 to $25,000 a...

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