Entries by Anna Nguyen

Bonus depreciation update for 2015

On July 22, 2015, the Senate Committee on Finance voted 23-3 to extend bonus depreciation and enhanced Section 179 deduction for 2015. The Senate is looking to be more proactive with passing tax extenders rather than waiting until December like in recent years. Currently, bonus depreciation and $500,000 limits for Section 179 deductions are extended through 2014. […]