End of year can be exciting, and it also signals that it’s time to talk about the IRS incentive Section 179.
Why Use Section 179?
Successful businesses take advantage of legal tax incentives to help lower their operating costs. The Section 179 IRS Deduction is a tax incentive that is easy to use and gives businesses an incentive to invest in themselves by adding capital equipment – equipment that they use to improve their operations and further increase revenue. Taking advantage of the Section 179 Deduction will help your business add equipment, vehicles and software, while allowing you to keep more of your tax dollars.
The key benefit is that, instead of deducting qualifying equipment over time according to a set depreciation schedule), Section 179 allows businesses to deduct the full purchase price of the item during the first tax year.
Here are full details, examples and financial calculators to determine how much you can save:
Contact us for further information.