If you are planning on acquiring new equipment or software and are interested in seeing the tax potential benefit you may receive as a result of the acquisition, please open our calculator. You may find that if you lease the equipment, the tax savings in the first year are actually greater than the first year’s lease payments.

The Economic Stimulus Act of 2008 and the American Recovery and Reinvestment Act of 2009 provide businesses great incentives to invest in new equipment and software.

Please click here to use the Section 179 Calculator

 

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On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009, which extends The Section 179 Deduction through 12/31/09. To read more about, click on the link to the Internal Revenue Services website. http://www.irs.gov/newsroom/article/0,,id=204335,00.html

Please Note: This does not pretend to be a synopsis, but highlights.  If you are really serious, you may  obtain a copy of the STIMULUS BILL and ability to send a comment: http://www.whitehouse.gov/the_press_office/ARRA_public_review/

Disclaimer: This site is intended to provide you with a brief overview of the Section 179 Deduction and Bonus Depreciation that is available through 12/31/09. All tax based decisions should be made solely on your own research that you make independently of this site and consultation with your CPA or tax professional. We are not tax advisors or tax professionals and take no responsibility for any of the actions or decisions that you make based on your review of the contents of this site.

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