|
What's the difference between Section
179 and Bonus Depreciation?
|
The most important difference is both new and used equipment qualify for the Section 179 Deduction (as long as the used equipment is "new to you"), while Bonus Depreciation covers new equipment only. Bonus Depreciation is useful to very large businesses spending more than $2,000,000 on new capital equipment in 2013. Also, businesses with a net loss in 2013 qualify to deduct some of the cost of new equipment and carry-forward the loss.
|