Section 179 is a powerful tax incentive that every business should take advantage of. It allows businesses to deduct the full purchase price of qualifying equipment as an expense on their federal taxes, providing an immediate financial benefit.
This tax break can help businesses invest in the equipment they need to stay competitive, expand operations, and improve efficiency—all while reducing their taxable income.
A recent update to Section 179 now includes used equipment as an eligible expense, a significant change that was previously limited to new purchases. This expansion gives businesses even more flexibility to acquire the right equipment at the right price.
Have questions? Contact us to learn how Section 179 can work with your equipment financing or leasing strategy.