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Small Business Services

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  4. What is the current years 179 deduction limitation ?

What is the current years 179 deduction limitation ?

Self employed individuals and other small businesses will be entitled to immediately write off up to $500,000 of business equipment purchases in 2010 and 2011 without having to depreciate the costs over a period of years. The amount of the 179 deduction is reduced by the cost amount in excess of 2 million dollars.

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