Section 179 Vehicles 2024
Section 179 Vehicles 2024. Claiming section 179 depreciation expense on the company’s federal tax return reduces the true cost of the purchase to $130,000 (assuming a 35% tax bracket),. This limit is reduced by the amount by which the cost of section 179 property placed in service during the tax year exceeds $3,050,000.also, the maximum […]
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