Did you know...
Financed Equipment is 100% Deductible with Section 179
Take advantage of Section 179 of the IRS Tax Code to deduct the full purchase price of qualifying equipment financed during the tax year. This powerful tax benefit is designed to help businesses invest in equipment without the burden of high up-front costs.
What is Section 179?
Section 179 allows businesses to write off the full purchase price of qualifying equipment that was financed and placed into service during the tax year. Whether you lease or finance, you can deduct the full amount as long as the equipment qualifies and is placed into service before December 31st.
Key Benefits of 179
1
Immediate Deduction
2
Save on Equipment Purchases
Any equipment you finance can result in substantial tax savings, lowering your overall financing costs and cost of ownership.
3
Boost Cash Flow
With tax savings upfront and manageable payments over time, Section 179 allows you to grow your business while keeping cash reserves healthy.
4
Applicable to New & Used Equipment
Both new and used equipment qualify for Section 179, allowing more flexibility in your purchasing decisions.
Example Scenario
Let’s say your business finances $50,000 in equipment. With Section 179, you can deduct the entire $50,000 from your taxable income in the current year. If you are in the 24% tax bracket, that results in $12,000 in tax savings!
Ready to start financing?
*Consult a tax professional to confirm Section 179 eligibility