Purchase your equipment now to take advantage of valuable tax benefits. Deduct your equipment depreciation before the deadline to save.
The 2009 Stimulus Act will expire on 12/31/09.
2009
2010
2009 Equipment Purchases
$250,000.00
$250,000.00
Section 179 1st Yr Depreciation
$250,000.00
$125,000.00
(new or used equipment)
Normal 1st Yr Depreciation
$0
$25,000.00
(calculated at 5 years)
Total First Yr Deduction
$ 250,000.00
$150,000.00
Tax Savings
$87,500.00
$52,500.00
(Assume 35% tax rate)
Total Equipment Cost
$162,500.00
$197,500.00
* Examples for illustration purposes only. This information does not constitute tax advice. Consult your tax advisor for information regarding the calculation of your tax basis.
