‘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
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