Read the attached article by Wylie Wong, "Small Businesses Get Tax Breaks to Buy Technology- Here's How to Take Advantage." (Links to an external site.) The 179 deduction is often used to help small businesses with growth and to jolt the economy in times of recession and depression. However, this deduction is often limited to smaller businesses by way of the investment limitation ($2,550,000 in 2019, and $2,590,000 in 2020). Should the 179 deduction be expanded to include larger businesses? Please explain why or why not?

Answer rating: 100% (QA)

No the 179 deduction should not be expanded to include larger businesses The purpose of the deductio... View the full answer