Deduct 80% with Section 179 & Bonus Depreciation in 2023 Tax Season

October 15th, 2022 by

*Planes*Buses/RV’s*Travel Vans*SUV’s*Exotics*& More… Bonus depreciation is a tax incentive that allows small- to mid-sized businesses to take a first year-deduction on purchases of qualified business property in addition to other depreciation. The Section 179 deduction is also a tax incentive for businesses that purchase and use qualified business property, but the two are not the…