Bonus Depreciation
2 articles
Tax Planning
Contractor Equipment Depreciation: How to Deduct $500K in the Year You Buy It
Contractors who understand Section 179 and bonus depreciation can write off hundreds of thousands in equipment the year they buy it. Here's exactly how it works and what qualifies.
Tax Planning
Section 179 vs. Bonus Depreciation: Which Tax Strategy Saves You More?
Section 179 and bonus depreciation both let you deduct equipment costs immediately, but the rules differ significantly. Learn which strategy saves your business the most in taxes.