Jan 2, 2018 – With the passage and signing into law of H.R.1, aka, The Tax Cuts and Jobs Act, the deduction limit for Section 179 increases to $1,000,000 for 2018 and beyond. The limit on equipment purchases likewise has increased to $2.5 million. Further, the bonus depreciation is 100% and is made retroactive to 9/27/2017 and good through 2022. The bonus … Read More
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