Wednesday, March 25, 2009

A Look at Small Business Tax Breaks in the Stimulus Bill

We have heard that Small Business get a tax break as part of the stimulus bill but what are they? Here we list the changes.

Qualified property expense ceiling raised


The Section 179 tax break that allows companies to expense qualified assets in the first year of service has been increased from $133,000 to $250,000 in the first year that qualifying assets are placed in service.

Click here to read more...

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