The latest market and legal updates and how they affect your biggest investments.
Thursday, February 21, 2008
Economic Stimulus Package - Loans at $729K
Besides the $729K loan limit - there are some great incentives for businesses, from the IRS Newswire:
2008 Economic Stimulus Act Provides Tax Benefits to Businesses
WASHINGTON — In addition to providing stimulus payments to individuals, the Economic Stimulus Act of 2008 provides incentives to businesses. These incentives include a special 50-percent depreciation allowance for 2008 purchases and an increase in the small business expensing limitation for tax years beginning in 2008.
Be Patriotic - Get out and spend some money!
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