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Changes to Section 179 Limits for 2015 and 2016

Section 179 Deduction Increased to $500,000 Small businesses received a nice gift from the Federal Government at the end of December. The House and Senate passed the “Protecting Americans from Tax Hikes Act of 2015” (PATH Act) on 12/18/15 essentially making the section 179 deduction for qualified assets permanent and increasing the Section 179 limit […]