We Did It! But We're Not Done...
On 10/15/2015, we presented Congress with a petition to raise Section 179 back to $500,000, and to also stop lowering the limit every year. At the time of delivery, the petition had well over 10,000 signatures from small and medium businesspeople from all across the United States.
We argued that businesses deserved to know the deduction will be there for them. Congress responded by raising the limit to $500,000, and also made the deduction permanent, with inflation escalators built in for a few years as well.
But We Know Nothing is Permanent in Washington...
...which is why we stay vigilant. We'll always keep you abreast of any Section 179 developments, and we always want congress to know that we are united in wanting a business-friendly tax code and a healthy Section 179 deduction. Adding your name to our growing list of business professionals helps us do both.
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