December 16, 2008

Buy A Library--You May Save on Your 2008 Taxes

So you want a bail out from Washington?

Well you already have one. Congress increased the limits of the Section 179 depreciation provision AND included a new wrinkle providing for "50% bonus depreciation".

What's the catch? You have to take delivery of new equipment, etc. before the end of the year.

Is this the time to buy a CSS Music library or what? If you think you have a tax problem, this is definitely the time. Check with your tax adviser about the details of the rules for the enhanced Section 179 to see if it is a fit for you.