Don’t Leave Money on the Table. This Small-Business Tax Deduction Is More Important Than Ever For many small businesses, the Section 179 tax deduction can impact the bottom line.

The 2017 tax law provided additional opportunities for contractors to reduce their tax liability when buying new equipment.

Consider using Section 179 to expense your lawn equipment purchases.

Tax Code 179, the special deduction to write off equipment in the year purchased, was extended permanently in 2015 legislation. The One Big Beautiful Bill Act (OBBBA) of 2025 greatly enhanced the ...

If you’re planning to buy farm equipment before the end of the year, here’s a refresher on two tax tools you can use. Section 179 The Section 179 deduction limit for 2022 was raised to ...

Bonus depreciation and the Section 179 expensing rules allow the purchaser of a qualified depreciable asset to deduct 100% of cost as a current year depreciation expense. Qualifying assets include ...

Section 179 gets a $30,000 increase, and keep your eye on bonus depreciation, too. In what’s sure to be welcome news for small and midsize companies, the Section 179 tax deduction has been ...

What is Section 179? Section 179 allows a business to deduct a value of up to $1,080,000 of qualified equipment acquired and put in use during 2022.

If Section 179 passes, Peterson predicts a hot market for manure spreaders, small tractors, and other equipment popular with cattle and hog operations.

Along with lowering rates on businesses, the Tax Cut and Jobs Act of 2017 increases the Section 179 deduction, which covers hardware and software purchases.