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    quipment.

    Why is this such a benefit? Because without this "immediate expens

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    Among the many tax breaks enjoyed by small business owners, perhaps none is as valuable as the so called "Section 179" deduction for purchasing equipment. The basic rule is that you can deduct up to $112,000 (for 2007) of purchases of most business equipment. The amount is reduced for large businesses that purchase more than $450,000 of equipment.

    Why is this such a benefit? Because without this "immediate expensi

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    as the so called "Section 179" deduction for purchasing equipment. The basic rule is that you can deduct up to $112,000 (for 2007) of purchases of most business equipment. The amount is reduced for large businesses that purchase more than $450,000 of equipment.

    Why is this such a benefit? Because without this "immediate expens

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    rule is that you can deduct up to $112,000 (for 2007) of purchases of most business equipment. The amount is reduced for large businesses that purchase more than $450,000 of equipment.

    Why is this such a benefit? Because without this "immediate expens

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    ipment. The amount is reduced for large businesses that purchase more than $450,000 of equipment.

    Why is this such a benefit? Because without this "immediate expens

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    quipment.

    Why is this such a benefit? Because without this "immediate expensing" provision in the law, the only way to deduct the cost of equipment is through a depreciation deduction. A depreciation deduction allows you to deduct the cost of the equipment over a number of years, usually between 3 and 7. By getting to deduct the entire cost now, you are getting your taxes reduced NOW, which is a large financial benefit

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