Bonus depreciation was raised to 100 percent in 2017’s Tax Cuts and Jobs Act and was scheduled to fall by 20 percent a year ...

Section 179 is still scheduled to be fully available and the current amount of Section 179 deduction allowed is $1,080,000 and the phase-out of the deduction starts once you place eligible assets ...

The DOE has launched a web portal to enable faster tax deduction calculations for energy efficiency upgrades that drive 25% ...

Section 179 of the U.S. Internal Revenue Code is an immediate expense deduction that business owners can take for purchases of depreciable business equipment instead of capitalizing and ...

As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire.

You may be able to deduct the entire cost of certain purchases under the Section 179 deduction, but you might want to consult a tax professional to determine the appropriate deduction you should use.