The Basics of the Section 179 Deduction

Under Section 179, businesses that spend less than $500,000 a year on qualified equipment can write off up to $125,000 in 2008. The rules are designed for small businesses; so, the $125,000 deduction begins to phase out if you purchase more than $500,000 in one year. Also, companies cannot write off more than their taxable income.

The Section 179 Allowance Calculator

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