Frazer LLP Blog

Section 179 Benefits

Mar 28, 2018 12:00:00 AM / by Cindy Lim, CPA posted in Tax, section, 179

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If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return. You’ll also want to keep this tax break in mind in your property purchase planning, because the Tax Cuts and Jobs Act (TCJA), signed into law this past December, significantly enhances it beginning in 2018.

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