*Example is for illustrative purposes only.
What is the Section 179 Deduction?
Most people think the Section 179 deduction is some mysterious or complicated tax code. It really isn’t! Essentially, Section 179 of the IRS tax code allows businesses to DEDUCT THE FULL PURCHASE PRICE OF QUALIFYING EQUIPMENT and/or SOFTWARE purchased or financed in 2018! This means that if you buy (or lease) a piece of qualifying equipment, you can deduct 100% of the cost from your gross income!
This is an incentive created by the U.S. Government to encourage you to INVEST IN YOUR BUSINESS!
The IRS Section 179 is Allowing Up to a 1 Million Dollar Deduction in 2018!