Depreciation Update: Section 179 & Bonus Depreciation

Similar to 2014, the United States government procrastinated in determining the fate of increased deduction limits for business property placed in service during the year. On December 18, 2015, the House and Senate signed the “Protecting Americans from Tax Hikes Act of 2015” (PATH) into law.  Under this legislation, the $500,000 deduction limit ($2,000,000 purchases limit) […]