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Tax Cuts and Jobs Act and Section 179

January 29, 2018

On December 22nd, 2017, the President signed Public Law Number 115-97, known as the Tax Cuts and Jobs Act. This wide-ranging act has changed many familiar provisions of the Internal Revenue Code and added new ones. Some of the more notable changes involve changes to depreciation, such as the re-introduction and expansion of 100% bonus depreciation and the increase in the section 179 expensing limit. This post will look at the changes to the Section 179 Election to expense certain depreciable business assets. Click here for the full story. 

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