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Why would the allowed deduction change so frequently

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Reference no: EM132762941

Problem 1: What are the rules related to a section 179 deductions?

Problem 2: 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?

Problem 3: Why would an individual decide to take this deduction and discuss some reasons why it would not be advantageous?

Reference no: EM132762941

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