- 11
- vote
Businesses are big winners in the economic stimulus package signed into law earlier this year. They may not be getting rebate checks, but they are getting showered with $45 billion in tax breaks designed to spur them on to purchase more equipment, cars and other assets sooner rather than later.
Congress boosted the limit on first-year expensing of assets -- the so-called Section 179 deduction -- to $250,000 for 2008. That's up from $128,000 under previous law and means a business can instantly write off up to a quarter of a million dollars' worth of expenses that otherwise would be deducted over a number of years. View full story...
Congress boosted the limit on first-year expensing of assets -- the so-called Section 179 deduction -- to $250,000 for 2008. That's up from $128,000 under previous law and means a business can instantly write off up to a quarter of a million dollars' worth of expenses that otherwise would be deducted over a number of years. View full story...
Related Forum Posts
What is
bizSugar?
bizSugar is a social news site for small businesses and mid-sized companies. Business owners, managers and entrepreneurs can now discover, share and vote for the best business tips, trends, news and strategies on the Web. If you find a business story, tip or video that you like, give 'em a little sugar!
Comments