Leases qualify for new tax benefits

May 2, 2008

Source: Clune & Company

We've all heard about the money we'll all be receiving as part of the new economic stimulus package but did you know there are substantial saving and incentives for businesses too?

This new legislation essentially doubles Section 179 from a qualification of less than $400K in equipment acquired in the year to $800K--that means medium sized companies will benefit for the first time. Click here for more from Clune on Sec. 179.

The allowance has almost doubled from $128K in 2007 to $250K in 2008. Your new Clune finance lease can qualify for these tax benefits! American businesses that buy new equipment this year can deduct an additional 50% of the cost of their investment in 2008... Click here to read the government document.

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