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Tag: Section 179 deduction

2014 bonus depreciation expected to pass; applies to construction equipment bought and put in service by Dec. 31st

Just in the nick of time, contractors may once again this year be able to take advantage of a 50 percent bonus depreciation in new equipment purchases, a tax code provision that had expired last year. Earlier this month, the U.S. House of Representatives passed H.R. 5771, which would reinstate both the bonus depreciation and […]

December 12, 2014

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Construction Equipment

Reporter

Payment Due? Expiring bonus depreciation could pose tax risks By Lauren Heartsill Dowdle Contractors may receive an unpleasant surprise when they review their taxable income for 2012. With bonus depreciation dropping this year by half and completely expiring in 2013, many will face higher tax gains on sold equipment and lower depreciation deductions. Passed in […]

May 24, 2012

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