Taxes Reminder: Section 179 for Small Business Owners (Accelerated Depreciation): Deduct if In-Service by End Of Year

2016-12-26 - SEND FEEDBACK

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This is FYI ONLY. Consult your own tax adviser. See also Section 179.org.

Less than a week to act, see details I posted on Dec 22

Need help deciding/configuring? I am available with flexible hours through the end of the year for consulting on computer or photography.

For a small business owner, the US federal tax code contains a benefit: Section 179 of the internal revenue code.

In essence, you can write off (fully deduct) depreciable assets acquired and put into service in 2016 as expenses up to a limit of $500,000 (for federal tax purposes).

Source: Taxes Reminder: Section 179 for Small Business Owners (Accelerated Depreciation): Deduct if In-Service by End Of Year