Great news for 2009! The Economic Stimulus Act of 2009 has significantly increased your purchasing power when it comes to buying new equipment. The deduction limits have almost doubled for 2009, and there is a new one-time bonus 50% depreciation once that limit is reached. Use the Section 179 Calculator to see how much you can save on new equipment purchases in 2009.

Section 179 Calculator for equipment $250,000 or less. If greater, contact a Stearns Bank representative at 1-800-247-1922.

Results

Section 179 Deduction:

Total first year deduction:

Cash savings on equipment purchase (assuming a 35% tax bracket):

Lowered cost of equipment after tax savings:

Always contact your tax advisor to verify tax or accounting issues or visit www.irs.gov for specific details.