Increase in 2019 Tax Limits for Businesses

UPDATED: Please see the latest taxes changes for 2020. A variety of 2019 tax limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s a look at some that may affect you and your business. Deductions Section 179 expensing: Limit: $1.02 million (up from $1 million). Phaseout: $2.55 million … Continue reading “Increase in 2019 Tax Limits for Businesses”