Deduct 100% Of Equipment Purchase

Mark

Moderator / Sponsor
Section 179 Tax Benefits


Section 179 allows you to deduct 100% of the purchase price of new equipment on your 2011 tax return.
Purchase or lease on or before December31, 2011
2011 Limit on equipment purchases - $2 Million Dollars (up from $800k previously).

For additional information see link below:
Consult with your accountant for how this can benefit your business.
Section 179 Tax Benefits
See the example below of savings on a $10,000 equipment purchase

http://hydrotek.us/_pdf/2011_Section_179_benefits.pdf
 

Calob

New Member
see i was wondering if i could write off the purchase of my used rig. I only had to pay $1,700 for the whole set up, but i would still like that back ya know. Guy i got it from thought it could not be fixed. But a couple weeks and a couple hundred dollars later, done!
 

Calob

New Member
well cool. thats good to know. I usually just use the turbo tax online. Worked great the last couple of years. But I have all kinds of receipts that i saved from working on the machine, and of course the machine itself. Then also the two regular jobs that i work. I'm just going to toss all if it to someone this time and let them figure it out!
 

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