* Section 44 credit: a business that for the previous tax year had either revenues of $1,000,000 or less, or 30 or fewer full time workers may take advantage of the credit.

** Section 179 depreciation: You can elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. You can elect the section 179 deduction instead of recovering the cost by taking depreciation deductions. The amount is the same; it’s really just an issue of timing on the deduction. This means that 100% of the depreciation can be taken in the first year rather than over a number of years.