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What are the rules related to a section 179 deductions

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Reference no: EM132760128

Question: What are the rules related to a section 179 deductions?

1. The allowable limit of the 179 deduction will often fluctuate because of Congress action (eg, the limit increased to $1M due to the TCJA Act). Why would the allowed deduction change so frequently through the years?

2. Why would an individual decide to take this deduction and discuss some reasons why it would not be advantageous?

Reference no: EM132760128

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