Section 179 Expense for Tax Year 2005

The maximum allowable expensing for certain "qualifying business property" under Internal Revenue Code (IRC) §179 has INCREASED to $105,000 for tax year 2005. The phase-out threshold increases to $420,000.

NOTE: SUV's acquired AFTER October 22, 2004 may only be expensed up to $25,000 under IRC §179.

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