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A $250,000 write-off! Section 179 Federal Income Tax Deduction: This deduction allows a company to deduct the first $250,000 of equipment (Section 179 Property) purchased in 2010 from their taxable income. For companies purchasing (or leasing - with a $1.00 buyout lease) up to $800,000 of equipment in 2010, this deduction is available in full. It then phases out on a dollar-for-dollar basis between $800,000 and $1,050,000 and it is not available for companies purchasing over $1,050,000 of equipment in 2010. However, companies can finance purchases over $800,000 with an operating lease and may still be able to claim this deduction. Standard Depreciation To calculalate you savings click here (http://www.intechfunding.com/intech_incentive.php) |
