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Year End Software Tax Incentives
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2011 Year End Software Tax Incentives

Take Advantage of Year End Tax Incentives for Software With the Section 179 Deduction

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy Autodesk software, you can deduct the FULL PURCHASE PRICE from your gross income. It's an incentive created by the U.S. Government to encourage businesses to invest in themselves.

To take advantage of these incentives, you must act by December 31st.

Section 179 for 2011 At a Glance

• 2011 Deduction Limit – $500,000 (up from $250k previously). Good on new and used equipment, including NEW SOFTWARE.
• 2011 Limit on equipment purchases – $2 Million Dollars (up from $800k previously).
• "Bonus" Depreciation – 100% (taken after the $500k deduction limit is reached). Note, bonus depreciation is only for new equipment. This can also be taken by businesses that exceed $2 million in capital equipment purchases.

For more information on Section 179 visit www.section179.org.

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