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Section 179 for 2012

capital expenditure tax write-offs, section 179, tax deduction

Section 179 is alive and well in 2012. If you are considering the purchase of new or used equipment, 2012 is more than ever the year to do it. The 2012 deduction is up to $139,000 – a nice bump to the bottom line for any business. Present legislation says the deduction will be reduced in 2013.

GreasyMachines urges you to consult your accountant for the actual bottom line boost that may result for any specific purchase.