Real quick post today, but I have big news. Section 179 is back!! Yes, it’s later in the year, but it finally happened. Our leaders in Washington (they are leaders, right?) have finally given Section 179 for 2014 a little love with the Tax Extenders Bill. And you thought it would remain at $25,000 all year… ahh, Fletch… Read More »
I wish I had better news to report in terms of Section 179’s limits. But I don’t. It looks like we’re going to ride the year out with a $25,000 maximum deduction. Yes, there could be a post midterm election surprise, but time is running out, and congress has never been known to act speedy. In fact, “time”… Read More »
Here we are in the third quarter of 2014, and Section 179 is still sitting where it was at the beginning of the year. Most years, this wouldn’t be news, but in terms of the dollar amount of the tax deduction, Section 179 is fairly low right now. And even though we are in quarter 3, I do… Read More »
It’s funny – all this time I’ve been writing about Section 179 and equipment financing, and I never really explained why Section 179 is sometimes referred to as “the Hummer Tax Break” (even though I’ve called it that numerous times here.) Way back in the early 90’s, a civilian version of the military’s “HumVee” was made available. And… Read More »
Long time readers are probably wondering when I am going to mention Section 179 again (there’s an office pool here too). Well, your wait is over. Today’s the day. I wish I had huge news that Section 179 got a sweet increase, but I don’t. So far, nothing has happened in regards to Section 179. The limits are… Read More »