The Small Business Jobs and Credit Act of 2010
H.R. 5297
Changes to Section 179
CHANGES AND HIGHLIGHTS
- Total amount available for deduction increased from $250,000 to $500,000
- Limit of the total amount equipment purchased allowed increased from $800,000 to $2,000,000.
- New changes are in effect for 2010 and 2011
- “50% bonus depreciation” has been extended to the 2010 tax year