‘Tax extenders’ bill advances, including Section 179 expensing

The Senate Finance Committee approved, 23-3, a bill to retroactively revive four dozen tax breaks that expired at the end of 2014. The so-called “tax extenders” bill would give the incentives a two-year life at a cost of $95 billion. The bill would allow a tax deduction of up to $500,000 for major business purchases, rather than… » Read More