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GOOD
NEWS FOR CUSTOMERS PURCHASING HIGHLIGHT EQUIPMENT!! The Jobs & Growth Tax Relief Reconciliation Act promotes capital outlays by businesses. Huge Increase in Annual Section 179 Allowance Under the Section 179 rule, businesses can instantly deduct 100% of the cost of most new and used equipment in the year placed in service. Businesses can now deduct more than $100,000 (subject to a taxable income limitation and another limitation if you add over $400,000 of qualifying assets during the same tax year). So many small businesses can now deduct the entire cost of all equipment additions in the first year! Bigger and Better Bonus Depreciation Break Businesses can deduct 50% of cost of most equipment in the first year for equipment purchased. This break is available regardless of the size of your business. So now is the time to make equipment purchases and take advantage of these excellent opportunities!
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