Archive | December 2014
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The Senate finally passed the 2014 Tax Extenders bill on December 16. Bill has significant benefits for businesses and individual taxpayers.
On December 16th, the Senate passed and sent to the President a $42 billion bill to extend dozens of expired tax credits and deductions retroactively for tax year 2014. Included in this bill is an increase in Section 179 expense to $500,000 (from $25,000), Bonus depreciation, and the ability to make charitable contributions from your […]