What is it?
Section 179 is an IRS tax code that allows businesses to deduct the full purchase price of equipment or software which is purchased or financed this tax year. It is an incentive created by the U.S. government to encourage
businesses to invest in themselves.
Why does it matter?
When you buy or lease equipment, you can deduct the full purchase price from gross income, saving you significant tax dollars.
What is the limit?
The deduction limit for 2018 is $1,000,000
Tax benefits from Section 179 can help companies purchase major technology innovations at reduced costs, such as HP’s award-winning Multi Jet Fusion 3D printer.
For additional information on this program, or any of the other cost saving initiatives Future Tech offers, please contact your dedicated account executive.