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Tuesday, November 16, 2010

Write Off Your Purchase of #BIM Software




Write Off Your Purchase

The US HIRE Act of 2010 allows businesses to write-off up to $250,000 USD of qualified propertywhich includes computer software purchased during the 2010 tax year - subject to a phase-out if a business has capital expenditures exceeding $800,000.

This tax incentive expires on December 31,2010.

This website explains it very well and shows an example of how it works:
http://www.section179.org/index.html

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