The U.S. Congressional Research Services (CRS) has published a report dated 18 August 2023 on The Section 179 and Section 168(k) Expensing Allowances: Current Law, Economic Effects, and Selected Policy Issues. IRC Section 179 allows a taxpayer to expense up to USD 1.16 million of the total cost of new and used qualified assets it places in service in 2023. This amount is indexed for inflation …