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Does the geographic area my business operates in make any difference in the Section 179 Deduction?

April 26, 2017area Business deduction geographic operates section

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Does the geographic area my business operates in make any difference in the Section 179 Deduction?

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Perhaps. The IRS has identified several different areas of the country as special zones that qualify for an increased Section 179 Deduction. Some of the zones the IRS has identified include the New York Liberty Zone, Special Enterprise and Renewal Community Business Areas, and the Gulf Opportunity Zone. We have a page with more information regarding special Section 179 zones.