Bonus
depreciation available for 2014
The Tax
Increase Prevention Act of 2014
revived 50% bonus depreciation for 2014 federal income tax returns. Bonus
depreciation is available in addition to Section 179 expensing, and gives you
the option of writing off up to 50% of the cost of certain new business assets.
Unlike Section 179, you can claim bonus depreciation no matter the amount of
your annual equipment purchases, as well as when your business reports a loss.
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