Investopedia / Mira Norian Section 179 of the U.S. Internal Revenue Code is an immediate expense deduction that business owners can take for purchases of depreciable business equipment.

Section 179 of the U.S. tax code offers businesses a powerful opportunity to reduce their tax liability by allowing them to deduct the full cost of qualifying assets in the year they are placed ...

A software engineer recently posted his income in the Salary Reddit Group. He currently pays more than $75k in taxes each ...

Here we outline one significant tax incentive, the IRS Section 179 deduction under the new Tax Cuts and Jobs Act, and explain how it can benefit your business. The Section 179 tax code has existed ...

When deciding whether to lease or buy a car, you should look beyond monthly payments and interest rates to make a decision.

Thanks to the Section 179 deduction, you might not have to wait around to depreciate your business’s assets. Many, or all, of the products featured on this page are from our advertising partners ...

Whether you finance or lease business equipment and vehicles, there are clear tax benefits unique to both. Here’s what you ...

Read Next: 6 Reasons Your Tax Refund Will Be Higher in 2025 Section 179 provides a major tax benefit you might not know about ...

Being smart with your year-end finances can help your farm’s bottom line. Learn more in this guide to maximizing tax ...

Implementing Employee Benefit Programs can be part of a contractor’s tax planning strategy. These programs include health ...

Distinguishing between office supplies and office expenses is vital for proper tax filing since each is ... be depreciated over time or claimed under Section 179, which allows full expensing ...