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Archive for September 23rd, 2010

Expansion of Sec. 179

Posted by taxguru on September 23, 2010

Spidell has a handy summary of the new small business tax breaks in the latest DemonRat stimulus bill. 

I’m sure of great interest will be the doubling of the Section 179 maximum to $500,000 per year for 2010 and 2011, as well as the ability to use it on more kinds of assets.

I will post more details as they become available.

Updates:

CCH has a 7 page pdf newsletter covering this new law.

QuickFinder has a 4 page pdf summary of the new law.    

 

          

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