Note the difference: As with prior law, with Section 179 expensing, you get no additional deductions. But with bonus depreciation, you can now change what you expense.
Contact us for Tax Planning so we can determine if this strategy is going to help you save money.
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Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.
Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.