Many small business owners are pleased to learn that a vehicle they purchased for use in their company may qualify for a Section 179 tax deduction. Carefully using Section 179 vehicles can bring tax ...
After the Commercial Clean Vehicle Credit (Section 45W) expired on September 30, the “experts” rushed out predictions of an EV sales slowdown in Q4. But, with over 6,800 pages in the Internal Revenue ...
Today’s economy is creating challenges for many small businesses. Many things seem to be changing quickly. But one important thing has not changed: Section 179 of the IRS Tax Code. When small ...
A bipartisan deal between leaders of the House and Senate tax-writing committees would raise limits on the Section 179 expensing provision that is popular with farmers. The deal also would restore a ...
Restoring the tax provision would allow farms and dairies to write off capital purchases instead of depreciating them over time. Dairy producer Pete Wiersma would like to buy another feed truck (cost: ...
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