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Old 12-31-2012, 04:07 PM
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What is the impact on the Section 179 Expense as a result of the possible Tax Law Changes in 2013?

The Section 179 deduction (relating to writing off tangible property) is scheduled to be reduced from $139,000 in 2012 to $25,000 in 2013 if Congress does not take any action. In addition, the 50 percent bonus depreciation provision will also expire.

Per the IRS. "Tangible personal property actively used in a business for which a depreciation deduction would be allowed is eligible for the Section 179 expense."

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