Category Archives: Depreciation

Depreciation breaks boost tax deductions

Did you buy equipment or other business assets during 2015? Here are the current rules for maximizing your tax deduction. ‚󏬆Section 179. Under code Section 179, you can expense many types of otherwise depreciable property used in your business. Both new and used assets qualify for Section 179. For 2015, the maximum amount you can expense is $500,000 of the… (more…)