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Section 179 Deductions

August 1st, 2008 by Jeff Klein

New rules allow you to write-off 100% of your equipment cost in 2008.  On February 7th, 2008, Congress passed a $152 billion economic stimulus package containing beneficial new Section 179 rules that are available to business owners immediately!  Under the revised guidelines, the IRS has granted you tax benefits that could allow you to write-off the total cost of your equipment purchases in their first year of service – But are you taking advantage?

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