The Economic Stimulus Act of 2008, signed into law by President Bush on February 13, 2008, will generally provide rebate checks worth up to $600 to individuals and $1,200 for families, plus $300 per child.
Small businesses also benefit, in the form of incentives that encourage them to buy more equipment, such as computers and tools. The Act almost doubles the value of the Section 179 deduction, allowing businesses to deduct as much as $250,000 (up from $128,000) of qualified expenses in 2008, with the phase-out threshold increasing to $800,000 (up from $510,000). Further, the Act makes the business depreciation provision more valuable, allowing a company to depreciate an additional 50% of the cost of an asset bought in 2008.
Contact us today to discuss how this might affect your situation.
Time to Share. Create a Buzz.
Earlier this month we had the thrill of seeing the B-52's
in concert. They were terrific! Their new album--Funplex-- is coming out in March.
Did you know that lead singer Kate Pierson owns a motel in the Catskill Mountains near Woodstock, NY? It's called Kate's Lazy Meadow Motel
. Make sure to take the "clothes horse" tour when you visit the site. It's a 1950's fantasy to enjoy!
|Who will take care of your kids if you die?|
If you have children but haven't named guardians for them in your will, you may be setting your family up for a costly, even bitter, custody process.