Depreciation and Section 179 Expense
Section 179 Enhanced Limits Extended for 2012!!!
What does this mean for you?
With a qualifying Clune lease, savvy businesses can take full advantage of the Sec. 179 tax benefit This legislation is an incentive that enables businesses to invest in themselves, keep more capital, and stimulate the economy.
What are the details of this Legislation?
The Small Business Jobs and Credit Act of 2010 (H.R. 5279) contains several upgrades to Section 179, the business equipment tax deduction, and also extends into the 2012 tax year with the following provisions:
- An increase of the total amount available for deduction to $500,000 (up from $250,000)
- In addition, the bill also extended the "50% bonus depreciation" to tax year 2012
Where Can I Find the Official IRS Statement?
Go to: http://www.irs.gov/businesses/small/article/0,,id=230307,00.html
If you have been thinking of acquiring new equipment, 2012 is the year to lease with Clune & Company, LC. The amount you save in taxes could be greater than the lease payments you make in the first year. Research the linked file and be sure to consult with your tax advisor to determine how you can take advantage of this opportunity.

