What is the Section 179 Deduction?
Essentially, 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. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL 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.
That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the full purchase price from your gross income. Think of what those savings could do for your business! Visit Section179.org for complete details about how to utilize this benefit for the 2019 tax year.
Then, contact us to get your equipment purchase lined up before the end of the year!