Tax Changes Help Businesses Purchase Equipment

There have been recent changes in the tax code that benefit business owners. Rather than amortizing equipment over several years, owners who purchase new equipment by December 31, 2009 can deduct its full cost – up to $250,000 – on their 2009 tax return.

To take advantage of this tax benefit, talk with your tax professional regarding Section 179 of the IRS Code. Using this strategy may very well improve business owners’ ability to purchase necessary equipment now rather than later.

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