New Tax Law Turns Small Biz Loophole Into A Crater!
Author: Make My Life Less Taxing
In case you were too busy over Memorial Day to notice, our beloved politicians just passed another tax bill designed to put more dollars in your pocket.
President Bush signed the new tax law on May 28, 2003 -- and there is truly something for everyone in this package, a veritable smorgasbord of tax savings.
If you are a Small Business Owner or Self-Employed Person, there's one especially lucrative tax break.
It's actually an expansion of a tax rule that's been on the books for years. Known as the Section 179 deduction, the new legislation takes this loophole and turns it into a deduction big enough to drive a fleet of SUV's through.
The Section 179 deduction e...
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