Section 179 was made to incentivize small to medium-sized businesses to invest in themselves. With the ability to deduct the full purchase price of qualified equipment from your gross income, expanding your practice’s offerings has never been easier.
*What is the Section 179 Deduction?
Section 179 of the IRS tax code allows some businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you may be able to deduct the FULL PURCHASE PRICE from your gross income. Deduction limit of $1,160,000. Limitations may exist for financed products. Click Here to Learn More.
This material is provided for general informational purposes only and is not intended as legal or tax advice. Eligibility for tax deductions is dependent on an individual’s or business’ tax position. For details regarding the IRS Section 179 tax allowance and to what extent you qualify, consult your tax advisor before relying upon or acting on this material. Refer to http://www.irs.gov.
**Via soft tissue coagulation.
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