By Gary Allen Burns, consulting forester

For federal income tax purposes, capital purchases (equipment) have a bonus depreciation for new assets of 50 percent in 2017.

The Section 179 deduction is $500,000 on new or used equipment, but it is phased out for annual accumulated purchases of $2 million or more.

You must have an “earned income” to use this deduction, which is in regular depreciation – cost spread out over time.