Tax reform expands your Section 179 deduction privilege

If you’re a regular reader of the Tax Reduction Letter, you know that the Tax Cut and Jobs Act can cause you some real pain.

But in this article, we have good news — and here it is …

Thanks to tax reform, you now have a more favorable and permanent Section 179 deduction for qualified assets placed in service starting in 2018.

In fact, the new, improved Section 179 deduction is like having access to a flexible tax shelter whenever you need it!

Want to find out more (and I think you should!), read my new article titled Tax Tips: Tax Reform (TCJA) Expands Your Section 179 Deduction Privilege!

Three ways our fact-filled article can help you:

1. We’ll tell you what’s new. (It’s all good!) We’ll cover the increased maximum deduction and liberalized phase-out rule, the new deductions for property used to furnish lodging, and increased deductions for more real property expenditures. You’ll get full details when you read the full after-tax-reform article.
2. We’ll explain how Section 179 compares to bonus deductions. Unlike bonus depreciation, Section 179 is not an all-or-nothing deal. You can pick and choose your Section 179 deduction We’ll explain this, and more, when you read the full after-tax-reform article.
3. We’ll show you how to beat the $25,000 Section 179 deduction limit. If you have a heavy SUV (as defined by the IRS), you can beat the $25,000 limit and deduct the entire business cost of the vehicle by using bonus depreciation. This and a whole lot more will be explained when you read the full article.