Letter S
tax
Section 179 Expensing
An election under IRC Section 179 to immediately deduct (rather than depreciate) the cost of qualifying tangible business property up to annual dollar limits, with phaseout based on total purchases.
Related terms
More legal terms starting with S
Looking for citation help? How to cite law · Citation methodology
See also: Full glossary index
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.