Announcement

Collapse
No announcement yet.

2010 179 deduction

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    2010 179 deduction

    TTB says 179 deduction is down to $134,000. For 2010, is there still the 1st year 50% write off for new equipment and 20 year buildings?

    #2
    Jen,

    Last I heard was that it expired December 31, 2009. I've read that various groups are lobbying Congress to get it reinstated.

    Comment


      #3
      Don't know if this means much--The draft from 4562 is still showing $250,000 for Sec. 179
      and they still have the bonus depr. on the form.

      Comment


        #4
        TTB update on 3/22/2010 shows that the $250,000 was extended for 2010.

        TheTaxBook is the #1 fast-answer tax publication in America. Our publications provide fast answers to tax questions for tax practitioners!

        Comment

        Working...
        X