TITLE

Tax Deduction Limits Raised

AUTHOR(S)
Pocock, John
PUB. DATE
February 2011
SOURCE
National Hog Farmer;2/15/2011, Vol. 56 Issue 2, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article looks at the changes of farm taxation in the U.S. for 2010 and 2011. Roger McEowen of Iowa State University Center for Agricultural Law and Taxation says the Section 179 tax deduction has been expanded to 500,000 U.S. dollars and that the 100% bonus depreciation for assets bought after September 8, 2010 and before January 1, 2012 has been introduced. It notes that farmers who purchase new and used equipment during the period can completely deduct their purchases if they choose.
ACCESSION #
58839109

 

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