The § 179 Deduction Can Exceed $139,000 in 2012 If

question 69

True/False

The § 179 deduction can exceed $139,000 in 2012 if the taxpayer had a § 179 amount which exceeded the taxable income limitation in the prior year.

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Definitions:

Labor

Expulsion of a placental mammal from its mother’s uterus by muscle contractions.

Muscle Contractions

The process where muscle fibers shorten or lengthen against a load, leading to movement or the maintenance of a position.

Menstrual Flow

The shedding of the uterine lining (endometrium) that occurs in the absence of pregnancy, resulting in bleeding through the vagina.

Estrogen

A group of steroid hormones that play an essential role in regulating female reproductive physiology, including the menstrual cycle and reproductive system development.