Section 179 Capital Expensing

In this video, hear from MFB Partner Robert White and learn how the Section 179 Deduction allows businesses to deduct 100% of the costs of certain equipment in the year it was acquired and placed in service. Bob explains important updates in this deduction under the Tax Cuts and Jobs Act of 2017. You will learn the aspects of Section 179, what is different for some states like New York compared to federal expensing, and examples of qualified capital assets, including non-residential real property in service for business.