NEWS ALERT: SECTION 179 GETS ENHANCED FOR 2013
Section 179 Tax Deduction 2012 Deduction Limit = $139,000 This is good on new and used equipment, as well as off-the-shelf software. 2012 Limit on equipment purchases = $560,000 This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced. Bonus Depreciation = 50% This is taken after the $560k limit in capital equipment purchases is reached. Note: Bonus Depreciation is available for new equipment only. Bonus Depreciation can also be taken by businesses that will have net operating losses in 2012. The above is an overall, "simplified" view of the Section 179 Deduction for 2012. For more details on limits and qualifying equipment, as well as Section 179 Qualified Financing, please read this entire website carefully. For more information: http://www.section179.org/