General News and Updates
Section 179 – Write Off Your Entire Purchase Price Of Your Equipment
Dec
Did You Know You Can Write Off The Entire Purchase Price of Equipment Bought in 2018?
That’s right! Most people know that business owners can write off equipment for their business by writing off a little at a time through depreciation. But, with Section 179, businesses can write off the entire purchase price the year that you buy it!
Not only that, but there is a bonus first year depreciation offered for 2018 – and it’s being offered at 100%!
Now, there are limits. The deduction limit that can be claimed is $1,000,000, and the spending cap on equipment purchases is $2,500,000.
Don’t have the money now? Don’t worry! We offer various kinds of financing. Information on our financing options can be found here.
For more information, visit Section179.org (Link will open in a new window).
Please consult with your accountant to ensure you qualify!
