Section 179 Allows Taxpayers to Immediately Expense Up to $1,000,000

question 1298

True/False

Section 179 allows taxpayers to immediately expense up to $1,000,000 for 2018 of the cost of real and personal property placed into service in a trade or business, subject to limitations.

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Definitions:

Daytime Nap

A short period of sleep taken during the day to supplement the primary sleep period, often to improve alertness and well-being.

CPAP Machine

Continuous Positive Airway Pressure; a medical device that uses mild air pressure to keep the airways open in individuals who have breathing problems, such as sleep apnea.

REM Levels

Stages of Rapid Eye Movement sleep, during which vivid dreams commonly occur, playing a critical role in emotional regulation and memory formation.

Respiratory Complications

Health issues related to the respiratory system, including infections, chronic diseases, and conditions that impair breathing.