[IMGCAP(1)]Enhanced Section 179 expensing allowances, along with dozens of other “temporary” tax provisions, expired at the end of last year.

For tax years beginning in 2014, the expensing limit has dropped from the generous $500,000 to $25,000. That’s where it will stay, unless Congress acts retroactively to extend the more generous allowance. While both houses of Congress currently have extenders legislation up for consideration, election year politics give no reason for optimism.

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