Section 179 Deduction - 2014
Depreciation – 2014-New business equipment
Most new business equipment can be either depreciated over its useful life or expensed immediately under Internal Revenue Code Section 179. The 2014 maximum deduction is $25,000 with a $200,000 Investment based ceiling. The 179 deduction for any taxable year may not exceed the taxpayer's aggregate income from the active conduct of trade or business by the taxpayer for that year. The 2013 maximum deduction was $500,000 with a $2,000,000 Investment based ceiling
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