Christmas gift ideas that qualify for tax breaks!!
Section 179 has been extended it looks like. So in essence, depending on what tax bracket you are in, it would be a great time to make a large purchase. With the rates on New Vehicle at a all time low a business could finance a large purchase and write off up to $500,000. So, if you are in a 39.6% tax bracket by the end of the year this would save you $198,000 dollars. Not to mention the state tax rate!
And to top it all off, if you choose to do this you can finance the amount at a rate as low as 0%. If your business could use (or just want) a new vehicle RIGHT NOW is the time. Buy a vehicle and history low rates and save BIG!!!
Please, check our facts on your own or with your accountant.
Click here to save BIG on taxes!!!!
http://www.nolo.com/legal-encyclopedia/section-179-increased-limits-likely-2014-2015.html
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