Current (2008) IRS regulations allow the deduction of the entire acquisition cost (up to $125k) for the purchase of computer equipment and off the shelf software.  You may qualify for up to a $125k deduction from your federal taxes. 

Get more information on the Section 179 Deduction through these links:

IRS FAQ on Section 179 Deduction
http://www.irs.gov/faqs/faq11-1.html

IRS Publication 946, Electing the Section 179 Deduction
http://www.irs.gov/publications/p946/index.html

Wikipedia Article on Section 179 Deduction
http://en.wikipedia.org/wiki/179_%28Internal_Revenue_Code_Section%29

P3iSystems doesn't sell computers or software; we can't benefit directly from your choosing to exercise this deduction.  If you need skilled professional help deploying and configuring your computers and software, contact P3iSystems and we can help.

Sorry for the legal weasel words, but at P3iSystems we're technology experts - we're not tax experts.  We can give you some information but the final decision to elect the Section 179 deduction you should base on advice from your accountants.  This article is provided for information only with no implied or explicit warranty.  We hope it's helpful to you.