What is a Section 179 deduction?

Section 179 Deduction is a special deduction that allows you to recover either all or part of the cost of a qualifying asset you use in business. The Section 179 Deduction is taken instead of recovering the cost with regular depreciation.

The Section 179 Deduction is taken in the year that the asset was placed in service.

How do I know if my asset qualifies for the Section 179 Expense?

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