Save Money with the Economic Stimulus Act
Great news for 2008! The Economic Stimulus Act of 2008 has significantly increased your purchasing power when it comes to buying new equipment. The deduction limits have almost doubled for 2008, and there is a new one-time bonus 50% depreciation once that limit is reached. Use the Section 179 Calculator to see how much you can save on new equipment purchases in 2008.
This calculator presents a potential tax scenario based on typical assumptions. This page and calculator are not tax advice. The indicated tax treatment applies only to transactions deemed to reflect a purchase of the equipment or a capitalized lease purchase transaction. Please consult your tax advisor to determine the tax ramifications of acquiring equipment for your business.
