The bonus depreciation tax break is set to expire on December 31st, and the dollar limits for Section 179 are to drop from $500,000 with a $2.5 million to $25,000 with a $200,000 ceiling.
Ashlea Eberling suggests that it makes sense to accelerate purchases before year’s end citing that under section 179 as it presently stands, a small business owner may deduct the entire cost of up to $500,000 of equipment that has a 20-year life.
–Forbes
Moore Bookkeeping 