Today’s economy is creating challenges for many small businesses. Many things seem to be changing quickly. But one important thing has not changed: Section 179 of the IRS Tax Code. When small ...

After the Commercial Clean Vehicle Credit (Section 45W) expired on September 30, the “experts” rushed out predictions of an EV sales slowdown in Q4. But, with over 6,800 pages in the Internal Revenue ...

Below is our annual guide to Tax Code Section 179 for self-employed and business owners who buy a vehicle. This guide encompasses qualifying vehicles purchased in the 2023 calendar year. Tax Code 179, ...

There are a few constants in the small-business world every fall: pumpkin spice everything, a sudden panic about Q4 goals, and that wonderful realization that Section 179 is still here, waiting to ...

A bipartisan deal between leaders of the House and Senate tax-writing committees would raise limits on the Section 179 expensing provision that is popular with farmers. The deal also would restore a ...

Let’s be honest. Right now, with U.S. involvement in the Middle East, the economic outlook is anything but certain. Most business owners I know are spending with more intent, with every dollar working ...

With monthly fluctuations in the market from policies such as tariffs, Section 179 expensing can help businesses capture IT savings for purchases such as servers, desktops, software, IT services and ...

Today’s economy is creating challenges for many small businesses. Many things seem to be changing quickly. But one important thing has not changed: Section 179 of the IRS Tax Code. When small ...

Tax Code 179, the special deduction to write off equipment in the year purchased, was extended permanently in 2015 legislation. This has been further liberalized by the Tax Cuts and Jobs Act (TCJA) ...