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Article Date:
November 2008


Word Count:
590

 

 

Your Business Stimulus Expires Soon


With all the talk of bailouts and government takeovers, you may have forgotten that the government offered a stimulus to you that’s still available anytime before midnight of December 31, 2008. To take advantage as a calendar-year taxpayer, you need to buy and place in service a business vehicle, business equipment, or a business-related building before the end of the year. Such purchases can generate the following bonuses:1

 

1.

Fifty percent bonus depreciation

2.

Section 179 expensing of up to $250,000

3.

An increase in first-year ... Log in to view full article.

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