Take Advantage of Significant Savings with the Section 179 Tax Deduction

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  • Deduct 100% of the equipment purchase price from gross income during purchase year

  • Utilize additional deductions for those who qualify for bonus depreciation

    Consider the impact of this tax savings for your business with this example:

    Example Equipment Invoice Cost $25,000.00
    1st Year Tax Write-Offs:  
    Section 179 Deduction $25,000.00
    Bonus Depreciation (50% after Sec. 179)         $0.00
    Normal 1st Year Depreciation         $0.00

    Total 1st Year Deductions $25,000.00

    Tax Savings (assuming 35% tax bracket)  -$8,750.00

    Adjusted Equipment Cost To You After Section 179 Savings $16,250.00

"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 ... It's an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves."  Source: www.section179.org

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