Month: September 2022

Section 179 Tax Deduction For 2022

Section 179

The 2022 Section 179 deduction limit for businesses is $1,080,000 (a $30,000 increase from 2021). Your business can deduct the full price of qualified equipment with a “total equipment purchase” limit of $2.7 million. If you purchase equipment over $1,080,000 (and put it into service by December 31st this...

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