Under Section 179, businesses spending less than $2,000,000 a year on qualified equipment may write off up to $500,000 in 2011.
• 100% Bonus Depreciation on qualified equipment acquired and placed in service after September 8, 2010 thru December 31, 2011.
• The $500,000 deduction phases out when a business purchases more than $2,000,000 in one year.
• Companies cannot write off more than their taxable income.
• Your new equipment must be placed in service by December 31, 2011.
Create Your Own Tax Break in 2011...click here to read more
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