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Encourage expansion in tough times

Encourage Expansion in Tough Times

Tell your businesses there's a good reason for companies to expand in 2008 — they can get more back from Uncle Sam. The Economic Stimulus Act offers two incentives to promote business investment:

  • 50% Depreciation – Depreciate 50% of equipment purchased in 2008.
  • $250,000 Expensing – Expense up to $250,000 in equipment and fixtures. That's up from $128,000. 

Everyone's talking about the tax rebate, but these business deductions are flying under the radar. They're available for only one year — 2008. [see IRS explanation]

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