Industrial Finance Group, Inc.

2010 Section 179 Tax Benefits

The maximum section 179 expense deduction for 2010 is  $250,000.  If a qualified taxpayer invests more than $800,000 in qualified equipment in 2010 the maximum reduction is reduced downward from $250,000 on a dollar for dollar basis. 

• $300,000

• ($250,000) 179 deduction (Limited to the net income of the tax payer)

• ($7125) First year MACRS depreciation (14.25% of $25,000)

• Total first year write off $257,125

• Tax savings in a 39% tax bracket - $100,278 ($257,125 X 39%)