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Machines in stock for Section 179

Sep 18, 2019

What is the Section 179 Deduction?

Section 179 of the IRS tax code allows businesses to deduct the entire purchase price
of qualifying equipment and/or software purchased or financed during the tax yer.

Who Qualifies for Section 179?

Qualifying business must purchase, finance, and/or lease new or used business
equipment during the tax year 2019 (Assuming they spend less then $3,500,000)

Incentives of Section 179:

Write off deduction limit of $1,500,000 million in equipment costs
Tax Deductions for up to $2,500,000 million in equipment
100% Bonus Depreciation

Keep in mind:
Bonus Depreciation is not offered every year, this year it is!
Until recently, Bonus Depreciation only covered new equipment.
Now, bonus depreciation includes used equipment.

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