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2014 Tax Extenders Passes Congress, Moves to White House

12/17/2014

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On December 16, 2014, the US Congress passed a much anticipated 2014 tax extenders bill that includes provisions for reinstating 50% bonus depreciation and increasing Section 179 back to 2013 limits of $500,000.

The bill still needs signed into law by Obama, but he is expected to do so.

See here for a more in-depth discussion.
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McKinley & Co., PC
Certified Public Accountants and Consultants
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​Brookville, PA 15825​
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