
Understanding Section 179: Tax Deduction for Small Business
The IRS Section 179 is a tax incentive by the US government to help small businesses. This tax rule let business owners deduct the entire cost of their business equipment during the tax year, as opposed to expensing the cost over many years thru depreciation. If you want to understand more about this tax deduction, check out the graphic below. See also Freelancer Tax Guide.
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