Tax Deduction for 2013 with Section 179

Effective January 1, 2013:

The tax deduction limit for businesses acquiring equipment in 2013 is $ 500,000.

The 2013 limit on capital purchases is $ 2,000,000.

The 2013 bonus depreciation is 50%.

The good news is the above numbers are retroactive for 2012.

Leasing equipment and software does qualify for the Section 179 deduction.

http://www.section179.org

Please consult your CPA before making any financial decisions.

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