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No surprise here. The Section 179 deduction has been scheduled to decline to $133,000 in 2009. The conference version of the stimulus monstrosity (Sec. 1202) keeps the $250,000 limit for 2008 in place through the end of this year.
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
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Comments
we as small cleaning companys in elkhart ind need help for small business to stay in this area. with 20% of the area unemployed nobody is ordering cleaning of any kind.
Posted by: jerry vaughn | March 5, 2009 2:42 PM
If it's good enough for two straight years, why not keep them permanent? One can dream.
Posted by: Matt Riopelle | March 30, 2009 5:44 PM