WHAT IS SECTION 179?
Simply put, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. This means that if you buy (or lease) a piece of qualifying equipment, you can deduct 100% the purchase price from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves. This lowers your business’ taxable income. Learn more…about writing off up to $1,000,000
Did you know…
You can use affordable working capital to purchase all of your qualifying property (i.e. computers, software, even vehicles) and then use Section 179 to deduct the cost of the purchase and lower your tax bill.
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