tax deductions

Do You Know About the Accelerated Tax Deductions Eliminated in 2013?

In addition to the 2.3{0730eed075b45d9e50c00d6cd42dd08773e0164f29a45151808bf89051290974} Obamacare excise tax that starts 1/12013, two of the accelerated tax deductions will disappear. The Section 179 Allowance is reduced from $139,000 to just $25,000 ($0 for equipment >$225,000). The 50{0730eed075b45d9e50c00d6cd42dd08773e0164f29a45151808bf89051290974} Bonus depreciation is completely eliminated. If you wait until 2013, you will defer until later years 65{0730eed075b45d9e50c00d6cd42dd08773e0164f29a45151808bf89051290974} of the…

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