As parents you understand the incredible amount of freedom and responsibility driving brings teens. You also understand having been a teen in today’s world and the risks it brings to the table as well. GPS tracking for teens allows you the technology to monitor teenager driving.
You may take comfort in knowing that you would not be alone in your decision to use GPS tracking with your teen, should you choose to do so. The New York Times reports that 16 percent of parents of teens between the age of 13 and 17 use location tracking for their teens.
But, how do you tell your teen you are monitoring their driving in a way that doesn’t drive a wedge between you?
According to the Tax Cuts and Jobs Act (H.R. 1) the deduction limit for Section 179 has increased from $510,000 in 2017 to $1,000,000 for 2019 and beyond. While that represents a substantial increase, the limit on equipment purchases remains steady at $2.5 million.
What is Section 179?
Section 179 refers to the tax deduction specific to business depreciation according to IRS Code Section 179, which allows businesses to reduce the taxes owed substantially in the years in which businesses purchase new equipment and assets.
You can read more about the new rules and limitations concerning depreciation and expensing in the new IRS “Fact Sheet.”
The 100 percent bonus depreciation is a temporary measure allowing for the expensing of certain business assets. Though some properties are ineligible for the bonus depreciation, including properties used for furnishing, trading or selling of the following:
- Electrical energy.
- Water or sewage disposal services.
- Gas or steam through local distribution systems.
- Transportation of gas or steam via pipelines.
Have you ever thought of where the Great Blue Herons in Maine go during the wintertime? Danielle D’Auria, a wildlife biologist, led a presentation on this subject in February at the Merryspring Nature Center on the Heron Observation Network of Maine.
In this talk, she spoke about how citizen volunteers, scientists and students have been monitoring migrations of great blue herons beyond state lines. Five adult great blue herons were equipped with lightweight GPS trackers in 2016 and then released so the researchers could monitor their movements during migration, nesting and wintering.
Out of the five Maine birds, two migrated to Florida, one to Cuba, one to the Bahamas and one flew to Haiti.
