Section 179 Tax DeductionsFinance to Own. Apply Today!
Buy up to $25,000 in equipment —
Uncle Sam says, “Deduct it all!*“
Now is the time to reconsider equipment purchases that you’ve been putting off!
Right now Tax Code Section 179 allows small and medium sized businesses to deduct the full amount of the purchase price of equipment (up to $25,000). Section 179 can even make buying new equipment profitable for the tax year because the tax savings can exceed the first year’s payments.
What equipment qualifies?
Machinery, many vehicles, computers and software, office machines and furnishings, and other tangible equipment – like laser engravers & laser cutters, vinyl sign cutters, wide format color printers, laminators, screen printers and more! But, to get this deduction, the equipment needs to be purchased and put into use during the calendar year.
When to buy and start using your equipment?
Properly planning the timing of your equipment purchases can produce significant tax savings. For example, the equipment expensing election applies whether you purchase and start using a given piece of equipment during the first month of your tax year, or the last month. So, you can still buy and start using your equipment NOW to get tax savings for ALL of the current year!
As always, consult a tax professional or the IRS with specific tax questions and/or advice. And be sure to check with your state tax agency. They may also provide some tax-saving incentives.
* Please read carefully as this information is provided for general guidance purposes only. It is not intended as a substitute for accounting, tax, or other professional advice. You are encouraged to consult a tax professional or the IRS with any questions you have regarding specific tax issues. So far as it is permitted by law, LECME, inc., including its management and staff, disclaims liability for any loss, howsoever caused, arising directly or indirectly from the use and content of this web site.
Remember, purchases must be made and put to use before the end of the current year — so check into this opportunity now.
For detailed, extensive Section 179 information visit www.Section179.org.