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Tag Archives: deductions

SECTION 179

The National Association of State Departments of Agriculture has recommended to Congress that the Section 179 tax deduction level in the Internal Revenue Service code remain consistent with the 2010-2013 limit for small businesses.

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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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