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Stimulus Act Affects Depreciation

The Ecomonic Stimulus Act may encourage equipment purchases in 2008, including bonus depreciation on new equipment. New equipment purchased this year can be depreciated 50 percent. Expensing levels were also increased by the bill. Section 179 limit for 2008 was moved to $250,000 with a phase-out threshold of $800,000.

March 01, 2008

The Ecomonic Stimulus Act may encourage equipment purchases in 2008, including bonus depreciation on new equipment. New equipment purchased this year can be depreciated 50 percent.

Expensing levels were also increased by the bill. Section 179 limit for 2008 was moved to $250,000 with a phase-out threshold of $800,000.

Associated Equipment Distributors (AED) has created a clearinghouse for more information: www.depreciationbonus.org.

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