The Tax Increase Prevention Act of 2014 or the Tax Extender Bill, as it’s more commonly known has been signed by the President and is now law. This bill extends many provisions (including the Section 179 deduction) permanently. Other provisions are extended for two years and five years.
This is extremely good news for many, including small business owners.
For further information please feel free to call the office.
Tags: Tax Extender Bill
Written by: Doug Rodrigues