Woo Hoo They Rise Again
Woo-hoo - Congress has passed and the President has signed the legislation that reinstates the section 179 expense (to $500,000) and bonus depreciation that expired 12/31/13. Of course it only left a week or so to buy "stuff" to take advantage of the enhanced deduction, but still better than not having it! Also, the option to deduct sales tax as an itemized deduction, the educator deduction and a host of other provisions that had expired are back in . . . for a year at least . . . hope the process isn't repeated for 2015 - rather they pass the law in time to take full advantage of it! Happy Less Taxing New Year to you all!