LET YOUR TAX SAVINGS COVER YOUR EQUIPMENT PAYMENTS
Section 179 allows businesses to deduct the full price of qualified equipment purchases during the tax year. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.
how does it work?
In years past, when your business bought qualifying equipment, it typically wrote it off a little at a time through depreciation. In other words, if your company spends $50,000 on a machine, it gets to write off (say) $10,000 a year for five years (these numbers are only meant to give you an example).
Now, while it’s true that this is better than no write-off at all, most business owners would really prefer to write off the entire equipment purchase price for the year they buy it.
And that’s exactly what Section 179 does – it allows your business to write off the entire purchase price of qualifying equipment for the current tax year.
HOW MUCH CAN I SAVE?
Use the Section 179 Calculator to find out your actual costs based on your equipment selection and tax bracket. Purchase our brand new limited edition DB800® XLP and save over 20,000 in taxes with section 179.
The calculations speak for themselves. You are adding to your own bottom line. Remember, this deduction is also available for those leasing equipment. The extra advantage being that you get to deduct the full cost of the equipment even though you haven't paid the full amount this year. And according to Section 179, the amount you save in taxes can actually exceed the payments being made.
What purchases qualify?
Section 179 was designed with businesses in mind. That’s why almost all types of “business equipment” that your company buys or finances will qualify for the Section 179 deduction. Some examples include computers, software, personal property, and work-use vehicles. Click here for Properties that Qualify.
*Disclaimer: Business tax deductions are complicated. The information included here is intended for general information only and is not intended to be tax or legal advice. Please consult your tax professional before making business decisions that could affect your tax situation. Each business situation is different and tax regulations change frequently.
Your safety is important to us. Videos shown are filmed in a controlled environment for illustrative purposes only. Always follow your operations manual, maintain equipment properly and wear all applicable PPE. Equipment is capable of extreme pressurization. Improper use can result in serious injury or death.
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