Very Important Changes Have Been Made To The 2008 Tax Laws - that will benefit buyers of new & used equipment
1. Section 179 deduction is increased to $250,000!!!
This allows an immediate expensing of $250,000 for new or used capital equipment. This is designed to assist companies that acquire less than $800,000 a year in capital equipment, and is in addition to depreciation.
2. 50% Bonus Depreciation
Companies will be entitled to take an additional 50% bonus depreciation on all equipment acquired in 2008 without limitation.
