Section 179 allows taxpayers to immediately expense up to $25,000 (for 2014),subject to limitations,of the cost of real and personal property placed into service in a trade or business.

Question

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Section 179 allows taxpayers to immediately expense up to $500,000 (for 2014), not $25,000, subject to limitations, for qualifying property placed into service in a trade or business.

Section 179 Allows Taxpayers to Immediately Expense Up to $25,000