Also extended for another year is what's known as bonus depreciation. That allows businesses to deduct 50 percent of the cost of equipment or real estate. It gives them a quicker tax break than the tax code's standard depreciation schedules, which require that the cost of property be depreciated over the course of a few years or decades, depending on the type of property.The continuation of these deductions means Traxler Tees can buy more equipment and hire three full-time staffers, says Zachary Traxler, owner of the Columbus, Ohio-based company that makes custom-printed T-shirts.
Dubious Deal? Small Biz Mixed On Cliff Compromise
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