What SECTION 179 EXPENSE DEDUCTION means: An election to treat the cost of certain qualified property as a currently deductible expense rather than as a capital expenditure. This is also referred to as expensing. See Form 4562 for the current dollar limits on the deduction.
- Definition Section 1231 Gain Or Loss:
- Dictionary A net section 1231 gain is treated as long-term capital gain and a net section 1231 loss is treated as an ordinary (fully deductible) loss section 179 expense deduction definition.
- Definition Spousal IRA:
- Dictionary taxpayer whose spouse has little or no compensation for the benefit of that spouse. The designation "spousal" is significant for tax purposes only. There is no connection between a Spousal section 179 expense deduction explain.
- Definition Support:
- Dictionary provided on behalf of an individual. Support includes food, lodging, and other necessities as well as recreation and other nonessential expenditures. Support is not limited to necessities and can be section 179 expense deduction what is.
- Definition Social Security And Medicare Taxes Withheld:
- Dictionary The employee's share of these taxes that was withheld and submitted along with the employer's share to the IRS by the employer section 179 expense deduction meaning.
How works Section 179 Expense Deduction meaning in Tax definitions S .
