Tax Pro

2020 Spending Cap on equipment purchases = $2,590,000
This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true “small business tax incentive” (because larger businesses that spend more than $3,630,000 on equipment won’t get the deduction.)

A husband or wife's income can affect SSI disability benefits, but not Social Security disability benefits. Your husband or wife's income only matters for SSI (the low income, need-based disability program), since the SSDI program (for those who paid F**A taxes over many years) has no income limits. Unearned income includes all income that a person doesn't earn. In 2020, a person must have less than $803 a month in unearned income to receive SSI benefits. A couple can get SSI if they have unearned income of less than $1,195 a month in 2020. If you're working, are under your full retirement age, and are collecting Social Security based on your employment history, then Social Security will reduce your payment by $1 for every $2 you earn above $17,040 this year. While your wages can reduce your Social Security payout, your spouse's wages won't.