For 2012, the Section 179 Deduction is
available for most new and used capital equipment, and also includes certain
software. Bonus Depreciation can be
taken on new equipment only (no used equipment, no software) When applying these provisions, Section 179
is generally taken first, followed by Bonus Depreciation – unless the business
has no taxable profit in 2012.
So
if a Company purchases a Pickup Truck for $40,000 after All incentives, the
total tax savings will be an additional $14,000 or 35% of the Vehicle Price.
What this means for your company:
These
deductions
are generous, and this is the last year they are scheduled to be so high. This
is why we recommend taking advantage of Section 179 right
now, it
means a lot to your bottom line THIS YEAR
Examples:
See
SECTION179.ORG for Full Details and consult a tax professional for your
eligibility.
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