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Congressional deal expands Section 179 tax break

01/16/24 4:48 PM By Philip Brasher
KEYWORDS agricultural taxation bonus depreciation federal tax policy House Ways and Means Committee Section 179 expensing allowance Senate Finance Committee

A bipartisan deal between leaders of the House and Senate tax-writing committees would raise limits on the Section 179 expensing provision that is popular with farmers, and the agreement also would restore a bonus depreciation provision to 100%.

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Philip Brasher
Editor in Chief

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