Monthly Archives: February 2008

Taxes: Section 179 Changes and Small Businesses

Tax Changes to Section 179

Congress has just passed The Economic Stimulus Act of 2008, which includes some significant tax breaks for small businesses. Highlights of the legislation include: Increased section 179 expense amount – Under current law, most small businesses can elect to immediately expense up to $128,000 each year of the cost of furniture and equipment purchased for… Read more »