Announcement

Collapse
No announcement yet.

Good news! Small biz get a permanent tax break on buying equipment

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Good news! Small biz get a permanent tax break on buying equipment

    You can deduct it all instead of deducting in increments over the years. I need a new computer, so this is exciting news for me.

    http://www.nytimes.com/2015/12/24/bu...equipment.html
    http://www.section179.org/section_179_deduction.html
    http://www.section179.org/property_t...ction_179.html

    "Please keep in mind that to qualify for the Section 179 Deduction, the equipment listed below must be purchased and put into use between January 1 and December 31 of the tax year you are claiming.
    Equipment (machines, etc) purchased for business use
    Tangible personal property used in business
    Business Vehicles with a gross vehicle weight in excess of 6,000 lbs (Section 179 Vehicle Deductions)
    Computers
    Computer "Off-the-Shelf" Software
    Office Furniture
    Office Equipment
    Property attached to your building that is not a structural component of the building (i.e.: a printing press, large manufacturing tools and equipment)
    Partial Business Use (equipment that is purchased for business use and personal use: generally, your deduction will be based on the percentage of time you use the equipment for business purposes)."
Working...
X