Law Offers Special Tax Breaks for Small Business; IRS Says, Act Now and Save

Admin — Wed, 27 May 2009 01:24:37 +0000

The American Recovery and Reinvestment Act (ARRA), enacted in February, created, extended or expanded a variety of business tax deductions and credits. Because some of these changes—the bonus depreciation and increased section 179 deduction, for example—are only available this year, eligible businesses only have a few months to take action and save on their taxes. Here is a quick rundown of some of the key provisions.

~ Do your taxes for FREE with TurboTax Online Federal Free Edition. Start Now! ~

File Your Taxes Now.com » business tax deductions

Law Offers Special Tax Breaks for Small Business; IRS Says, Act Now and Save