Tax Incentives for Manufacturing Companies Just Went Up!
Section 179 for 2011 at a glance:
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2011 Deduction Limit - $500,000 (up from $250k previously). Good on new and used equipment, including new software.
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2011 Limit on equipment purchases - $2 Million Dollars (up from $800k previously).
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“Bonus” Depreciation - 100% (taken after the $500k deduction limit is reached). Note, bonus depreciation is only for new equipment. This can also be taken by businesses that exceed $2 million in capital equipment purchases.
The above is an overall, “simplified” view of the Section 179 Deduction for 2011. For more details on limits and qualifying equipment, as well as Section 179 Qualified Financing, please peruse the Section179.org entire website.
TO LEARN MORE ABOUT SECTION 179 DEDUCTIONS GO TO: http://www.section179.org |