Deal of the Century – How to Deduct 50 Percent Off New Iron

In May 2003, President Bush signed the Jobs and Growth Act into law.

The law expands the depreciation bonus enacted in 2002 and allows buyers of new equipment to depreciate (i.e., “write off”) an extra 50 percent of the cost of the equipment for the tax year in which it’s placed in service.

The 2003 stimulus law also increased Section 179 business expensing levels. More...

Deal of the Century – How to Deduct 50 Percent Off New Iron