Tax Stimulation: Section 179 Write Off

Section 179 Tax Savings

What is Section 179? Section 179 is an incentive created by the US Government to encourage businesses to buy equipment and invest in themselves. Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. If you buy (or lease) a piece of qualifying equipment, you can deduct the full purchase price from your gross income.

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The American Recovery and Reinvestment Tax Act of 2009 was enacted into law on February 17th, 2009. The government’s action makes now the right time to invest in your company’s future.

  • 50% Bonus Depreciation
  • $250,000 (1st year write off: Section 179)
  • Net Operating Losses for 2009 can be carried back five (5) years, and receive income tax refunds from prior years

Section 179 Tax Example

section 179 tax example chart

Call us for more information on the Section 179 tax write off, 1-800-589-1444.

You can read more about the Section 179 Tax Write off on the IRS website.

Always consult with your accountant to see how the Bill directly affects your company. Equipment must be delivered and installed in 2009.

Tax savings assumes a 35% rate.