Cameras, computers or taxes? Section 179 deduction for businesses

2010-11-26 • SEND FEEDBACK |
Related: gear

Here in the US, if you’re a business, you can buy gear for your business and write if off 100% (federal) under Section 179 of the Internal Revenue Code.

This year, that applies up to about $0.5 million (not a limit for me!). Be sure to ask your tax advisor about “section 179" — how about writing off the entire cost of the equipment (federal), not just a measly 20% deprecation?! Consult your tax advisor here, I am not giving tax advice, just mentioning the topic for your own investigation. You have until Dec 31, 2010.

Thanks for buying your stuff through my links.