Originally Posted by jeep2011
The new law stinks, you use to be able to write off 100% of the value the first year for 6K lbs + vehicles........now it is limited to $25K.
Dont forget with Section 179 you are not limited to the full value of the item being depreciated. You can claim Section 179 for the half the amount in one year then claim half the next.
Also, section 179 isnt always a good idea... its designed for businesses who will be seeing their profits DECREASE in the future... if your profit stays the same or increases, section 179 is not recommended... taking normal depreciation is more advantageous
- Rough Country 2" Lift - BFG ATKO 265/70/R17 - 1.5" Spidertraxx - Bilstein shocks/struts - Pioneer DVD/GPS/BT/iPOD Head Unit- BLACKED OUT BADGES - Custom Flash light mount - 6K HID HL & FL - AFE Stage II CAI - PROF. BLACKED OUT 3rd - Commander shift knob - JEEP Slush Mats - shorty BLACKED OUT antenna - BLACKED OUT rims - BLACKED OUT gas cap - Custom Front light / pre runner bar - 3 Hella 5000k HID BRIGHT ASS lights - SuperChip 3875 - Ported Throttle Body - 4XGuard Front -