Can Your Business Benefit from the 2010 Tax Relief Act?

July 26, 2011

As part of the 2010 Tax Relief Act, businesses can benefit from 100 percent bonus depreciation for qualified property placed in service after September 8, 2010 and before January 1, 2012. This provision of the Tax Relief Act is particularly beneficial for businesses of all sizes because it is not capped at a certain dollar level.  However, it’s important to note that only new property qualifies for this bonus allowance. To learn more about what qualifies for 100 percent bonus depreciation, contact Wallace & Associates.