The end of the year is around the corner! If you have been thinking of replacing your old office equipment 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.
Here is an example of how much you can save, on qualifying equipment and software based on a 35% tax rate:
|Equipment Cost||Section 179 Deduction||Tax Savings|