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Taxes

managing finances
Managing Finances | Expenses
Taxes
Taxes

Information on the Internal Revenue Service (IRS) Code Section 179, which allows business owners to deduct the purchase price of equipment and/or software put into service during the year, may change from year to year. The allowable deduction for 2018 is $1,000,000; $500,000 was the maximum allowance in 2017 and 2016. Visit Understanding the Section 179 Deduction ...

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