For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

Under the tax laws, business owners are allowed to recover all or part of the cost of certain purchases up to a certain limit by deducting it immediately in the year the property is placed into ...

BOSTON (CBS) - Normally if you purchase capital equipment for your business, you don't get to expense the total cost of the equipment the year you buy it. You depreciate the equipment over its useful ...

Is your business expecting a very profitable year, knowing you will have a painful income tax debt to pay next April? Do you have plans to purchase some equipment within the next six months? If so, ...

Now here’s something that doesn’t happen very often, especially lately: The Feds recently passed legislation that actually benefits small and medium businesses. H.R. 5297, known as the “Small Business ...

TULSA, Okla., Dec. 7, 2020 /PRNewswire/ -- Often perceived as a complicated tax code, Section 179 deductions are more straight forward than most businesses realize. Under Section 179 of the IRS tax ...

For many companies, purchasing equipment in December is a yearly event. This is due to construction companies trying to reduce their tax burden by making equipment purchases they can write off using ...

The federal government has extended a tax deduction that lets small businesses expense technology purchases. The Hiring Incentives to Restore Employment (HIRE) Act, passed by Congress and signed into ...

The NH Senate is backing a fivefold increase on the amount that businesses can deduct up front for equipment purchases. As for business tax credits? The jury’s still out. Senate Bill 77 would increase ...

This valuable tax deduction is available for businesses of all sizes. Under the tax laws, business owners are allowed to recover all or part of the cost of certain purchases up to a certain limit by ...