As the days of 2024 wind down, it’s worth providing a reminder that there is still time to take advantage of the Section 179 tax deduction.
The deduction applies to any equipment — new or used — purchased and put into service between Jan. 1 and Dec. 31 of this year. There is no set amount of time the equipment has to be used in 2024. It only has to officially be put into service.The Section 179 deduction for 2024 is $1.22 million, an increase of $60,000 from the 2023 limit and the highest in its history. You can deduct the
