TAX BREAKS INCLUDED IN NEW SMALL BUSINES

The new Small Business Jobs Act of 2010 includes some important tax breaks for businesses. The maximum Section 179 first-year expensing deduction doubles from $250,000 to $500,000 for qualified business property placed in service in 2010 and 2011, while the phase-out threshold rises from $800,000 to $2 million. Also, a maximum deduction of $250,000 may [...]

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