Substantial Changes for Section 179 in 2008
2008 has suddenly become a great year to invest in your business. This is due to The Economic Stimulus Act of 2008, which has significantly increased your purchasing power when it comes to buying new equipment under Tax Code Section 179.
In fact, the deduction limits have almost doubled for 2008, and there is a new one-time bonus 50% depreciation once that limit is reached, making investing in your business this year a very attractive option.
How attractive? Use the 2008 Section 179 Allowance Calculator to see how much you can save on new equipment purchases in 2008. |