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Tag Archives: bonus depreciation

TAX EXTENDERS PASSES

The bill passed 76 to 16 with the support of Senator Durbin and includes a one-year retroactive extension of the Section 179 small business expensing option at the $500,000 level. It also includes one-year extensions of 50 percent bonus depreciation and other key tax provisions including deductions for charitable donations of food and conservation easements,… read more

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BONUS DEPRECIATION

The House on Friday approved H.R. 4718. The legislation makes the 50 percent bonus depreciation permanent. The bill also expands bonus depreciation to include trees and vines that bear fruits or nuts. But Matt Kaye reports action in the Senate remains uncertain in this election year.  Check out the report Saturday.

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TAX EXTENDERS

The House Ways and Means Committee is expected to mark up a second wave of tax extenders on Thursday. Expiring provisions that are rumored to be on the list to be considered include several Farm Bureau supports, including an expanded deduction for donated food; an expanded deduction for conservation easements; and bonus depreciation including an… read more

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