Posted on 15th Mar 2013 @ 9:16 AM
Section 179 is back, and it’s better than ever!!!
Section 179 was $500,000 for 2011; $125,000 for 2012; and $25,000 for 2013. What the Fiscal Cliff Bill
has done is make it $500,000 for all three years. This is excellent news for businesses in 2013.
It means THIS YEAR is *the* year to invest in your business. You know, with 100% certainty, that there is
a fat $500,000 deduction for investing in equipment. This is also great news for those of you who invested
in 2012, and were going to get the (at the time) a maximum of $125,000, you may have more money coming to you.
Section 179 has been placed back to 2011 levels, and it’s retroactive through 2011
*We are not giving any advice, just making you aware of an option. Please check with the IRS or an accountant before making a decision.