Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

ITG FAQ #6 Answer- When is there an increase in the section 179 deduction?

April 26, 2017answer deduction increase itg section

0

10 Posted

ITG FAQ #6 Answer- When is there an increase in the section 179 deduction?

1 Answer

0

10 Posted

Section 1397A increases the section 179 deduction if your business qualifies as an “enterprise zone business.” The increase can be as much as $20,000. The increased section 179 deduction applies to “qualified zone property” you place in an empowerment zone.