
Section 179 vs. Bonus Depreciation
Learn the ins and outs of the Section 179 and bonus depreciation tax deductions
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Learn the ins and outs of the Section 179 and bonus depreciation tax deductions
These deductions look the same on the surface, but there are some key differences.
Bonus depreciation allows business owners to deduct 100% of qualifying purchased or financed equipment in the first year it is put into service. Unlike Section
Section 179 allows business owners to deduct the full price of qualifying purchased or financed equipment during the tax year. For the 2020 tax year,
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