What is the Section 179 Tax Law?

Section 179 Tax Law

What is the Section 179 Tax Law?

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves. Read more here.

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*Consult your accountant for advice specific to your situation.

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