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Section 179 Expense Amount for Tax Year 2008
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For tax year 2008, the maximum allowable expensing for certain "qualifying business property" under Internal Revenue Code (IRC) §179 has INCREASED to $250,000. The phase-out threshold increases to $800,000.
Click here for information on the special 50% bonus depreciation allowance for year 2008. |
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Click here to return to "What's NEW for Tax Year 2008?" |
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