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Glossary Definition

What is Section 179 Expensing?

Section 179 allows businesses to fully expense an acquired asset (up to certain limits) in the year it is purchased, rather than depreciating the cost over multiple years. Most equipment, off-the-shelf software, furniture and fixtures qualify for Section 179 treatment. Special limits apply for vehicles.

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Corvee Blog

Read the latest tax planning thought leadership from Corvee.

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Tax Planning Strategies

Our team of tax experts has scoured tax rules and regulations to create detailed tax strategies you can use to find savings for your clients.

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