THE INNOVATIVE REPORT » January 15, 2016

Daily Archives: January 15, 2016

2016 Section 179 Tax Deduction Limits Increase to $500,000

Great news for all businesses across the United States, the US government has increased Section 179’s tax deduction limits for this year’s (2016) equipment purchases to a whopping $500,000! Additionally the bonus depreciation amount has been extended to 50%.

If you are a business owner and have not heard of Section 179 you have luckily made it to the right place. Keep reading to discover how to save your business thousands of dollars on business equipment leases and purchases year after year. Continue reading

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