For the 2010 tax year, under the current tax code, Section 179 allows businesses that spend less than $530,000 a year on qualified equipment to write-off up to $134,000 in 2010 with no bonus depreciation. Section 179 is set to completely expire next year in 2011.

For more information, visit Section 179.org.

Click to learn more about the Section 179 Tax Deduction for 2010!