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Found: Military dog tag at Wal-mart fuel station, name on tag is Perez Lilliana. If you are or know this person, call Felix 830-391-3003 to claim.
REWARD!! 2 catahoula female hog dogs with neon collars lost around cr 132 & hwy 97 west & cr 221 on San Antonio River call 210-779-6614 or 210-815-2709

VideoLOST BLACK BULL WITH WHITE &BLACK Face. Off FM2579 & CR126 NOV.28 comes to Whooo Call 818-416-3372 Ask for Edward
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Line cook/server needed, full-time position. Applicants may apply online at www.stockdale.k12.tx.us. All openings are available until filled. Stockdale ISD is an equal opportunity employer. Stockdale ISD does not discriminate on the basis of race, color, national origin, sex, handicap, or age in its employment practices.  830-996-3551.
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Agriculture Today

Deadline nears for Section 179 tax deduction

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December 7, 2011 | 2,798 views | Post a comment

Farmers and ranchers have until Saturday, Dec. 31, 2011, to utilize a $500,000 depreciation allowance under the Section 179 tax deduction, according to a Nov. 23 Texas Farm Bureau Agriculture News -- Texas Ag Daily report.

For 2011, farmers and ranchers can expense new and used farm equipment purchases up to $500,000 if the equipment is purchased and utilized this year. In 2012, the Section 179 tax deduction depreciation limit will decrease to $125,000.

The Section 179 tax deduction also allows further depreciation on new farm equipment. As explained by Beef Magazine, “Say you’ve purchased or financed $650,000 in equipment, either new or used but new to you, this year. Under the Section 179 provision, you can deduct $500,000 in 2011. If any of that equipment was new, you can deduct the additional $150,000 under the bonus depreciation provision. Assuming a 35-percent tax rate, that gives you a $227,500 write-off on your 2011 taxes, and a $422,500 net cost in the equipment.”

For more information about the new and used farm equipment tax savings, visit www.section179.org.

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