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Section 179 allows businesses to deduct the FULL PURCHASE PRICE of qualifying equipment and/or software purchased*, fully financed, and put into service during the tax year. It's a government incentive created to encourage businesses to buy equipment and invest in themselves.
When you factor in the amount you could save by taking advantage of Section 179 benefits, there's never been a better time to upgrade your technology!
*Note: Section 179 deduction is available for most new and used capital equipment, and also includes software. Consult with your tax advisor to determine qualifying purchases.
This deduction is good on new and used equipment, as well as off-the-shelf software
This is the maximum amount that can be spent on equipment before the Section 179 Deduction begins to be reduced on a dollar for dollar basis
Bonus Depreciation is generally taken after the Section 179 Spending Cap is reached. The Bonus Depreciation is available for both new and used equipment.
Download the PDF for information to learn how much you can save on your software needs.
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