"American Recovery and Reinvestment Act" has officially extended the Section 179 Deduction increases through December 31, 2009
Your Section 179 Deduction Questions Answered
Welcome to Section179.org, your definitive resource for all things Section 179. We've brought together a large amount of information regarding Section 179, and clearly and honestly discuss the various aspects of Section 179 in plain language - this will allow you to make the best financial decisions possible for your company.
Section 179 can be extremely profitable to you, so it is to your benefit to learn as much as possible. To begin, you probably have a lot of questions regarding Section 179. Questions like:
We’ll answer all of these questions, and make certain that you come away with all the knowledge you need to make smart business decisions in 2009 regarding equipment purchasing and Section 179 (because, truth be told, if you’ve been thinking about buying or leasing new equipment, 2009 IS THE YEAR TO DO IT, due to changes in Section 179 made by the Economic Stimulus Act of 2008 and extended by the American Recovery and Reinvestment Act of 2009.)
Free Tools that Make Calculating Section 179 Deductions Simple
Section 179 is really very simple – you buy or lease qualifying equipment, and then take a full tax deduction on it this year (also, there are a few other things, which we’ll go over, but in a nutshell, that’s the idea.) To give you an estimate of how much money you can save, we’ve included a Section 179 Deduction Calculator to make computing Section 179 deductions simple, and we’ve also detailed the changes in Section 179 due to the Economic Stimulus Act of 2008 that have been extended by the American Recovery and Reinvestment Act through December 31, 2009.
Successful businesses take advantage of legal tax incentives to help lower their operating costs. The Section 179 Deduction is a tax incentive that is easy to use, and gives businesses an incentive to invest in themselves. In short, taking advantage of the Section 179 Deduction will help your business keep more capital, while also getting needed equipment.
Section 179.org
This website was designed to answer your questions regarding the Section 179 Deduction, and to explain the impact the Economic Stimulus Act of 2008 (H.R. 5140) as well as the American Recovery and Reinvestment Act of 2009 has had on Section 179. The information on this site will clearly explain the Section 179 Deduction in plain terms; will go over what property qualifies under Section 179 for the deduction; and will explore the myriad of ways the Section 179 deduction can impact your bottom line. In addition, there are IRS forms, and also tools for you to use, like the free Section 179 Deduction calculator.
References
IRS Publication | Electing the Section 179 Deduction 2008 | http://www.irs.gov/publications/p946/ch02.html#d0e1927
White House Publication | Economic Stimulus Act 2008 | http://www.whitehouse.gov/news/releases/2008/02/20080213-5.html
