Deduct New Office Equipment On Your Taxes With Section 179
179 Tax Law, is a tax code designed by Congress to help small to mid-size businesses giving them a reduction in the permanent corporate income tax rate or new bonus depreciation incentives. A growing business will need to invest in equipment and technology to help your business grow and become more efficient. So this is a BIG tax advantage!
How Can You Save?
The end of the year is around the corner! If you have been thinking of replacing your old copiers and printers you may be eligible to reduce your current taxes if you act before December 31st. Section 179 lets you deduct the full cost of qualified office equipment you purchase this year. Be sure to ask your tax professional about all the ways you can lower your net cost of new equipment by leveraging all the new tax deductions available to you.
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