100% Asset Depreciation this year is GREAT.
Nov 3, 2011 Important 4th quarter tax planning implications. Both the ‘Tax Relief Act of 2010’ as well as the ‘Jobs Act of 2010’ that passed in late 2010 affected Section 179 in a positive way for this 2011 tax year. The newest changes are as follows:
The Section 179 Deduction limit increased to $500,000. The total amount of equipment that can be purchased increased to $2 million. This includes most new and used capital equipment, and also includes certain software.
“Bonus Depreciation” increased to 100% on qualified assets. However, this can be taken on new equipment only.
Note: InYourOffice will certainly get your order in for a ONE TIME 100% Depreciation Bonanza! Call us! 214 682-0592 Mike Conrad