Expenses and Tax Deductions
Expenses and Tax Deductions While OPEX can be tax-deducted in same, CAPEX must be depreciated over a period of years of the useful life of the asset
Section 179 of the United States Internal Revenue Code, allows a taxpayer to elect to deduct the cost of certain types of property on their income taxes as an expense, rather than requiring the cost of the property to be capitalized and depreciated.
Expenses and Tax Deductions While OPEX can be tax-deducted in same, CAPEX must be depreciated over a period of years of the useful life of the asset