It was late in the game, but on December 19th, 2014, H.R. 5771, the Tax Increase Prevention Act of 2014 retroactively expanding the Section 179 deduction limits thru 12/31/2014 has been enacted. The new law reinstates the limit on Section 179 to $500,000 as well as reinstates 50% Bonus Depreciation. If you have been thinking […]