Don't Let Free Money Slip Away!
Take advantage of Section 179 deductions before the year ends.
With the enhancements of Section 179, you can take advantage of sizable tax deductions.
2013 Deduction Limit = $500,000
2013 Limit on Capital Purchases = $2,000,000
2013 Bonus Depreciation = 50%
Please note the above limits are as of 1/1/2013, and are for tax year 2013.
So what does this mean for you?
A machine purchase of $125,000 this year can save you $43,750* on your taxes. That means the actual cost of the machine turns out to be $81,250.
*Assuming 35% tax bracket.
For more information about Section 179, please visit www.section179.org/index.html.
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