Transportation expenses do not include expenses you have while traveling away from home overnight. those expenses are travel expenses discussed in chapter 1.. Section 179 deductions for the restoration industry updated 11.20.12. most new business equipment can either be depreciated over its useful life or expensed. 14 responses to “section 179 deductions: tread carefully in 2014” david reiff october 13th, 2014 . very informative and helpful thanks. reply. tracy tavares. To qualify for the deduction (section 179 of the tax code), an suv or light truck must have a gross weight of at least 6,000 pounds. this is the vehicle weight plus. As one of america’s top equipment leasing and financing businesses, taycor recognizes the opportunities that lie in section 179 and provides small businesses with. Section 179 is a federal rule that allows small businesses to recognize immediately the expense of certain fixed assets. taking advantage of section is very important.
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