However, the following provisions may allow larger immediate deductions that could reduce a tax bill further. (cfs4me.com)
Tax code provisions may allow for larger, immediate deductions for businesses: bonus depreciation and IRC Section 179 expensing. (cfs4me.com)
One component of these tax cuts allowed small business owners to take an immediate deduction for fixed asset expenditures, rather than amortizing them, Schopfer says. (inc.com)