Learn more about the federal Depreciation Bonus

I'm looking forward to my $600 rebate check coming in May -- "Bush Bucks"!  Tax rebates are a fairly straightforward and surely the most talked-about part of the Economic Stimulus Act of 2008, which President Bush signed on Feb. 13.  But Congress also included a depreciation bonus in the plan, allowing companies to increase their tax deductions on equipment and lower their short-term tax bills.  The depreciation bonus, similar to one allowed in 2002, was added in hopes of encouraging business growth and creating new jobs.  Were you planning to buy new equipment in 2008 before you heard about the Economic Stimulus Act of 2008?  Did the announcement of the depreciation bonus change your mind in any way?  

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