IRS spotlights expanded tax benefits for depreciation and expensing

Businesses can immediately expense more

Businesses may elect to expense all or part of the cost of what is often referred to as Section 179 property and deduct it in the year they place the property in service. The maximum deduction is increased to $1,000,000, and the phase-out threshold is increased to $2,500,000. These amounts, adjusted annually for inflation, apply to property placed in service in tax-year 2019. Full Story

Benefits of Working with a Tax Professional vs. E-File

While the thought of filing your taxes from the comfort of your home may be appealing. You could be missing out on a larger refund or find you owe less than you anticipated.

More Advanced Software
Professional have access to software that can delve deeper and more accurately to the data from your documents. This reduces the chances of error and provides for a more thorough preparation.

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