The 2013 American Taxpayer Relief Act (ATRA) allows business owners to deduct 100 percent of their investment costs up to $500,000 on next year's tax return, so you can use your capital in other areas of your business. The act also allows 50% depreciation bonus on purchases greater than $500,000.
Take Advantage of Section 179 Deductions and Bonus Depreciation for 2013
The American Taxpayer Relief Act allows the 179 deduction of up to $500,000 to companies that purchase less than $2,000,000 in business equipment during 2013. In order to qualify, equipment must be placed into service between January 1, 2013 and December 31, 2013
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