TAX RELIEF - SECTION 179:
Under the Tax Relief Act, here are the three category elections (examples only)
- Passenger automobiles and vans < 6,000 lbs. GVWR can expense up to $11,060 per vehicle
- Vans & Trucks > 6,000 lbs. GVWR up to 100% of vehicle purchase price !
- Trucks > 6,000 GVWR can expense up to $500,000 if electing 100% Bonus Depreciation
*Please visit www.section179.org
or contact a tax advisory for complete details on how the 2010 Tax Relief Act applies to your specific business. Not intended to be taken as tax advice nor our interpretation of IRS Tax Codes. Please seek qualified Tax Advisors before acting.