Learn About Your Available Tax Savings Today!
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Section 179
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The government is using income tax incentives to
motivate and stimulate economic growth. On
February 17, President Obama signed The
American Recovery and Reinvestment Act of
2009 (Stimulus Bill). www.thomas.gov
The Stimulus Bill can help you and your company.
Would you rather pay taxes or own new or
pre-owned equipment?
motivate and stimulate economic growth. On
February 17, President Obama signed The
American Recovery and Reinvestment Act of
2009 (Stimulus Bill). www.thomas.gov
The Stimulus Bill can help you and your company.
Would you rather pay taxes or own new or
pre-owned equipment?
The Act allows you to save in two ways:
50% Bonus Depreciation Example
Equipment Cost $2,000,000
50% Bonus Deduction $1,000,000
Standard MACRS
Depreciation $ 200,000
TOTAL Depreciation $1,200,000
Section 179 Deduction Example
Equipment Cost: $275,000
Section 179 Deduction: $250,000
50% Bonus Deduction: $ 12,500
Standard MACRS
Depreciation: $ 2,500
TOTAL Depreciation $265,000
50% Bonus Depreciation Example
Equipment Cost $2,000,000
50% Bonus Deduction $1,000,000
Standard MACRS
Depreciation $ 200,000
TOTAL Depreciation $1,200,000
Section 179 Deduction Example
Equipment Cost: $275,000
Section 179 Deduction: $250,000
50% Bonus Deduction: $ 12,500
Standard MACRS
Depreciation: $ 2,500
TOTAL Depreciation $265,000
| When you combine the 50% Bonus with Section 179, the amount of depreciation in 2009 is MASSIVE! |