Episode 2: Section 179 Secrets (Maximizing The $1 Million Dollar Limit)

Demystify the complexities of the Section 179 Deduction and learn how it can benefit your business as Josh attempts to find ways to hit the $1 million dollar limit for the deduction.<br/><br/>In this episode of Tax Talk, Josh and Brad discuss the commonly used but often underutilized strategy known as the section 179 deduction. They explain how this deduction allows business owners to take a total amount of depreciation each year, enabling them to finance equipment purchases and deduct the full cost.<br/><br/> The hosts also touch on the eligibility criteria, including the weight threshold for vehicles, and explore the potential for energy-efficient improvements to qualify for the deduction.