Section 179 almost doubled for 2008!

On February 7, 2008 both the Senate and House of Representatives passed H.R. 5140, the Economic Stimulus Act of 2008 (the Act). The Act contains provisions pertaining to tax rebates and depreciation.

Increased §179 plus first year bonus depreciation!

For tax years beginning in 2008, the Act increases the $128,000 §179 expensing limit to $250,000 and boosts the overall investment limit from $510,000 to $800,000.

FAQ: Are there any tax advantages to this investment?

Yes. The entire investment may be written off. IRS Section 179 allows a write off (up to $250,000 in 2008) for new equipment (for the tax year in which the equipment is put in service) purchased for business purposes. Fill out the form on the right side of this page to download your free investor kit today!