If you’re thinking about buying or leasing new office furniture, now is the time to do it and still qualify for enhanced Section 179 Deductions in 2012.
In order to qualify for the Section 179 Deduction, the equipment must be purchased, financed or leased and put into service by December 31, 2012 and you can trust Team Office to deliver the office furniture you want just in time.
Talk to a Team Office Workplace Consultant now to take advantage of these enhanced deductions!
Due to the extension of Section 179 under the “Hire Act of 2010” – the enhanced limits under the ‘Jobs Act of 2010’ – you can basically write-off 100 % of the equipment your business needs to buy or finance up to $139,000 this year!
When you buy, finance or lease qualifying equipment you may take a full deduction on it this year. Use the Section 179 Deduction Calculator to help you compute Section 179 deductions. Read this link to learn more about changes in Section 179 due to the various Stimulus Acts – that have extended and enhanced the Section 179 Bonus Depreciation limits.
Take advantage of these legal tax incentives to help lower your operating costs. Section 179 is easy to use and gives businesses incentive to reinvest by adding capital equipment. The Section 179 Deduction is a great way for your business to keep more capital, while adding or upgrading your office furniture and other equipment!
Contact your tax professional for more details.