Due to the recently enacted Hiring Incentives to Restore Employment (HIRE) Act, the Section 179 limits have been extended through 2010. For tax years beginning in 2010, the maximum amount a business can expense under Section 179 is $250,000 and the expensing election begins to phase out when a business buys more than $800,000 of Section 179 eligible assets. These dollars limits are the same for those that were in effect for 2008 and 2009.

Contact us for more information and to see if you are eligible to benefit from the Section 179 deduction.

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