Depreciation breaks boost tax deductions
February 18, 2016
Did you buy equipment or other business assets during 2015? Here are the current rules for maximizing your tax deduction. Section 179. Under code Section 179, you can expense many types of otherwise depreciable property used in your business. Both new and used assets qualify for Section 179.Planning tip: The Section 179 amounts are now permanent. Beginning in 2016, both...