if you haven't heard the section 179d tax deduction was retroactively
extended from dec 31, 2013 to dec 31, 2014.
http://www.section179.org
**
*Updated Dec 19, 2014* - It's official. *H.R. 5771: Tax Increase
Prevention Act of 2014 (aka Tax Extenders Act)* retroactively expanding
the Section 179 deduction limits thru 12/31/2014 has been enacted. The
new law reinstates the limit on Section 179 to $500,000 as well as
reinstates 50% Bonus Depreciation.
The measure was passed by the House on Dec 3, 2014, the Senate on Dec
16, 2014, and signed into law by the President on Dec 19,2014. Click
here for the official announcement:
http://link.crestcapital.com/hr5771enacted
IMPORTANT NOTE> Only this 2014 tax year is covered by this measure -
therefore it is a good business decision for many to finance equipment
immediately to make the December 31, 2014 cutoff for the write-off
provisions. Your business must apply for Section 179 Qualified Financing
make the cut-off at midnight 12/31/2014.
Technically, the bill is a one-year, retroactive extension of the tax
breaks, even though it only lasts through the end of the month. This
site will be updated to reflect these changes shortly. The Section 179
Calculator is already fully updated. Click Here for fully updated
Section 179 Calculator.
