HIRE Act Tax Incentives for 2010 On March 18, 2010, President Obama signed into law the Hiring Incentives to Restore Employment Act (HIRE Act), which contains a forgiveness of social security taxes for eligible employees hired between February 2, 2010 and January 1, 2011.  It also continues the enhanced Section 179 expensing election for purchases of qualifying property up to $250,000 in 2010.  For more information on this topic please go to: www.aicpa.org/InterestAreas/BusinessIndustryAndGovernment/Resources/OperationalFinanceAccounting/DownloadableDocuments/BB_2010_04_v1_2.pdf