Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Rumored Death Of Section 179

Posted by taxguru on January 17, 2006

Q:

Subject: Section 179
 
Kerry,
 
We are trying to figure out whether Section 179 still applies to RV’s in 2006; it was our understanding that 2005 would be the last year. Could you help us with this?
 
Thank you,

A:

For some reason, that bit of misinformation has been circulating for several months now by many irresponsible people.

As you can see from the info on my website, the rules for 2006 are the same as they were for 2005, except that the maximum has been increased to $108,000.

Kerry Kerstetter

Follow-Up:

Kerry,

Thank you so much for your quick response.  We really appreciate it!

 

 

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