Taxes Reminder: Section 179 for Small Business Owners (Accelerated Depreciation): Deduct if In-Service by End Of Year
This is FYI ONLY. Consult your own tax adviser. See also Section 179.org.
Less than a week to act, see details I posted on Dec 22
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For a small business owner, the US federal tax code contains a benefit: Section 179 of the internal revenue code.
In essence, you can write off (fully deduct) depreciable assets acquired and put into service in 2016 as expenses up to a limit of $500,000 (for federal tax purposes).
