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TAX CODE - SECTION 179 - 2014 CHANGES

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TAX CODE - SECTION 179 - CHANGES IN 2014

What is the Section 179 Deduction?
 
Section 179 of the IRS Tax Code allows a business to deduct, for the current tax year, the full purchase price of financed or leased equipment and off-the-shelf software that qualifies for the deduction. The equipment purchased, financed or leased must be within the specified dollar limits of Section 179, and the equipment must be placed into service in the same tax year that the deduction is being taken (for tax year 2013, this means the equipment must be put into service between 01/01/2013 and 12/31/2013).
 
FOR MORE INFO GO TO http://www.section179.org/
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