Don't miss out on your tax deduction for equipment purchases for 2021.
Deduct the full purchase price, even on leased equipment.
Deduct the full purchase price, even on leased equipment.
Section 179 of the IRS tax code allows businesses to deduct the full purchase price (up to $1,040,000) of qualifying equipment purchased (or financed) during the tax year. When you buy a piece of equipment, you can deduct the FULL PURCHASE PRICE from your gross income.
It's an incentive to encourage businesses to buy equipment and invest in themselves. This makes a big difference for both large and small businesses.
Order your equipment early to avoid any delivery delays.
Contact your tax professional for details.
