Stimulus Bill and Leasing
Friday, February-27-2009
Whatever your feelings are regarding the massive stimulus bill that has been signed into law, there is one thing that directly benefits businesses. The 179 Rule has reverted back to the 2008 levels, meaning that there is 50% bonus depreciation for the year and the maximum deduction amount went from $125,000 back to $250,000. While it is still early in the year and the economy is unpredictable, businesses can directly benefit from tax deductions for leasing new and used equipment.
Note: Business Tips & Trends posts are provided for informational purposed only. As always, anyone wishing to pursue ideas provided here should contact a professional in the appropriate field.
Business Tip provided by Mike Jones of First Pacific Funding, Inc. Mike can be reached at 1-866-926-5575 x 204
Posted by mike.shafer on 02-27-2009 at 11:02 am
Posted in Business Thoughts & Trends
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