On December 18th, Congress passed and President Obama signed the 2015 Protecting Americans from Tax Hikes (PATH) Act. Among other things, this year-end tax bill reinstates bonus depreciation and increases Sec. 179 expensing for 2015 and beyond.
What does this mean for you? You can now deduct up to $500,000 of the purchase price on new and used equipment for 2015. In addition, a bonus depreciation of 50% of the remaining cost of new equipment can be claimed.
Contact Us today for a cost breakdown of how the 2015 PATH Act can increase your 2015 tax savings,
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