As allowed in the Section 179 Deduction of the IRS tax code, the maximum
1-year write off is $500,000 for qualified equipment purchases.*
The good news is that signs qualify for the accelerated depreciation! A new
sign purchased and installed in 2011 can be fully depreciated in just 1 year!
(Subject to the applicable limits.)
Now is the time to invest in that new sign to help
your business grow! Now is the time to buy that
new electronic message display!
*Ask your accountant to see how it may apply to your business.
|Depreciation and Section 179 Expense
Depreciation and Section 179 Expense*
Generally, the maximum section 179 expense deduction is
$500,000 for section 179 property placed in service in 2011
during the tax year beginning in 2011.
Qualified real property that is elected to be treated as
section 179 property is limited to $250,000 of the
maximum section 179 deduction of $500,000 for 2011.*
Special depreciation allowance for certain property
You may be able to take an additional first year special depreciation allowance for certain qualified property... The allowance is an additional deduction of 50% of the property’s depreciable basis (after any section 179 deduction and before figuring your regular depreciation deduction).*
From the Internal Revenue Service website- http://www.irs.gov/instructions/i4562/ch02.html#d0e475