The Section 179 and Bonus Depreciation Expensing Allowances: Current Law and Issues for the 114th Congress by Congressional Research Service

The Section 179 and Bonus Depreciation Expensing Allowances: Current Law and Issues for the 114th Congress

Crs Reports

Congressional Research Service

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Expensing is the most accelerated form of depreciation for tax purposes. Section 179 of the Internal Revenue Code allows a taxpayer to expense (or deduct as a current expense rather than as a capital expense) up to $25,000 of the total cost of new...

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