Orange County, CA - You have Less Than 10 Days to Save Big on Tax Write-offs for Equipment Purchases. You need to act now.
The Section 179 deduction, named for a provision in the federal tax law, allows a small business to deduct -up front- the entire cost of equipment ranging from computers to furniture to vehicles and machinery. The deduction is normally $25,000, but for the past years our lawmakers in DC have increased that amount substantially.
I have some great news for you. Here is an excerpt an article on The Hill regarding Section 179 updates. It says recent legislation was passed to raise the instant depreciation level to $500,000.