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Tax Code Section 179

Congress extends the amount that small businesses may write-off for capital expenditures: $250,000!

Business owners who acquire equipment (machinery, computers, and other tangible goods) for their business usually prefer to deduct the cost in a single tax year, rather than a little at a time over a number of years. This deduction is known by its section in the tax code, a Section 179 deduction. Create Your Own Tax Break in 2009!