- Section 179 is an IRS law that allows U.S. businesses to deduct all or part of the purchase price of their business equipment purchase.
- Not all equipment qualifies. Examples of qualified equipment include: Computers, machinery, manufacturing tools and equipment, business trucks and vehicles, software, office equipment, signage, testing equipment, ag and construction equipment. What doesn’t qualify includes: air conditioning units, bridges, elevators/escalators, landscaping, fencing, and buildings. Consult your accountant for specifics.
- Each year the amount of Section 179 Tax Deduction has been going down and is expected to decrease to $25k in 2014. Currently it’s at $500k.
- Bonus depreciation is at 50% for 2013
- Equipment leasing and financing was a $628 billion industry in 2012.
- 80% of U.S. businesses lease equipment.
Take advantage of section 179 today. Get the ball rolling on your equipment lease now by getting a free quote! https://axactcapital.com/commercial-capital/get-a-free-quote/
Posted in Equipment Acquisition Options, Section 179
