Perhaps it's a good time to start that small business that you've always dreamed of. On Monday, President Barack Obama signed a $30 billion small business lending bill that will give additional tax breaks to small companies.
Reuters reports that this means people who are self-employed will be able to deduct the cost of health insurance for themselves and their family off of their taxes. Some long-term investments in a company will be subject to zero capital gains taxes and small businesses that buy new equipment will immediately be able to write off their first $500,000 of that investment. The new law also contains provisions that make it easier for small businesses owners to get loans.