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TCJA changes the rules regarding Section 179 deductions to include: a. the phaseout threshold that begins...

TCJA changes the rules regarding Section 179 deductions to include:

a. the phaseout threshold that begins at $5,500,000.

b. A maximum deduction of up to $1,000,000

c. removal of the allowance for Section 179 deductions for nonresidential real property improvements such as fire protection and alarm systems

d. Used property if it is the taxpayer's first use

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