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Lost & Found

Found: Basset Hound, Hwy. 97 W./Hospital Blvd., Floresville. Call 830-391-2153 between 9 a.m.-11:30 p.m.
Lost: Female German Shepherd, about 2 years old, pink collar, lost from Hickory Hill/Great Oaks Subdivisions off FM 539, La Vernia, on Thurs., Feb. 4. Reward! 830-947-3465.
Bear, please come home! Missing since October 22, 2014, black Manx cat (no tail), shy. Reward! Help him find his way home. 210-635-7560.
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Help Wanted

Office Assistant needed for Construction Co. in Stockdale, must pass background and drug test, accounting experience necessary, pay based on experience. Mail Resume to P.O. Box 430, Stockdale, TX 78160.
Hiring seasonal workers at Braunig and Calaveras Lake. Apply within or call 210-635-8289.
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Agriculture Today


Deadline nears for Section 179 tax deduction




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December 7, 2011 | 2,842 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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