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Section 179 Tax Break: Expiring December 31st, 2012

Friday, November 30, 2012
There is still time to save your business money before the New Year with the Section 179 hardware/software tax break! If your business is looking to expand its IT department, there is a great tax incentive to make those hardware and software purchases within the next 4 weeks.

On or before December 31st, 2012, businesses can take advantage of these tax breaks:
  • If a company purchases, leases, or finances new or used equipment totaling less than $139,000 they are eligible to write off their entire qualifying purchase!
  • If your equipment totals more than $139,000, you will receive a significant deduction that can be taken all at once versus depreciated over a certain amount of years.
  • The maximum that can be spent on equipment before the deduction begins to reduce is $560,000. If this amount is reached, a bonus depreciation of 50% can be used for new equipment only.


Print off your Section 179 IRS form today at www.section179.org and call a consultant at IT Resource to take advantage of this great year-end tax break savings!

Source: www.section179.org

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