Sunday, December 09, 2007

Thinking of Using Your Section 179 Tax Deduction This Year?

Then here's a handy calculator I found.

The Basics of the Section 179 Deduction
Under Section 179, businesses that spend less than $500,000 a year on qualified equipment can write off up to $125,000 in 2007. The rules are designed for small businesses; so, the $125,000 deduction begins to phase out if you purchase more than $500,000 in one year. Also, companies cannot write off more than their taxable income.


I'm not recommending Crest Capital's service in anyway. I was simply surfing around the Internet for information and found this handy deduction calculator. If you are thinking about financing your purchase of computer equipment, software and services this year we have a relationship with Microsoft Financing that will allow you to do all 3, and not just for Microsoft products, at the same time.


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