Senate Passes Retroactive Tax Relief Under Section 179

This is one time you may want to make a quick call to your accountant, then order up some of those infrastructure items you are putting off. A bill known as “tax extenders” if signed by the president will reinstate Section 179 tax credits for 2014 only.  The bill passed by the House earlier this month then passed the Senate Tuesday evening, and has been sent to the President for signature. It is expected to be signed.  You have a deadline of 12/31/2014 to benefit, so act now, call your accountant and have them help you decide how this last minute retroactive move can help you. To learn more, go to http://www.section179.org/