There are 40 designated empowerment zones throughout the U.S. Eligible businesses can claim an increased Sec. 179 deduction for equipment purchases, a special employment tax credit, and other tax breaks. The designated areas can be found in the instructions to Form 8844.
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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