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Section 179 Tax Deduction
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
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Utilize additional deductions for those who qualify for bonus depreciation
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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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