The §179 Immediate Expensing Election Phases Out Based Upon a Taxpayer's

question 130

True/False

The §179 immediate expensing election phases out based upon a taxpayer's taxable income.

---

Definitions:

Language Comprehension

The ability to understand spoken, written, or signed language through the processes of decoding, interpreting, and making sense of the messages.

Pituitary Gland

A small, pea-sized gland located at the base of the brain, often referred to as the "master gland" because it controls the functions of many other endocrine glands.

Master Gland

Another term for the pituitary gland, which is responsible for regulating critical body functions and other endocrine glands.

Gray Matter

A major component of the central nervous system, consisting of neuronal cell bodies, neuropil (dendrites and unmyelinated axons), glial cells, and capillaries, involved in muscle control, sensory perception, and decision making.