Section 179 Tax Savings
What is Section 179? Section 179 is an incentive created by the US Government to encourage businesses to buy equipment and invest in themselves. Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. If you buy (or lease) a piece of qualifying equipment, you can deduct the full purchase price from your gross income.
Get The World’s Best Technology Under Your Roof
Lower Cost Per Part with More Productivity
Make and investment in technology and make your life easier. Advanced manufacturing solutions have never been more affordable. You can find the right machine to increase cash flow, reduce costs, and add productivity.
Take Advantage of Tax Savings Now
The American Recovery and Reinvestment Tax Act of 2009 was enacted into law on February 17th, 2009. The government’s action makes now the right time to invest in your company’s future.
- 50% Bonus Depreciation
- $250,000 (1st year write off: Section 179)
- Net Operating Losses for 2009 can be carried back five (5) years, and receive income tax refunds from prior years
Section 179 Tax Example
Call us for more information on the Section 179 tax write off, 1-800-589-1444.
You can read more about the Section 179 Tax Write off on the IRS website.
Always consult with your accountant to see how the Bill directly affects your company. Equipment must be delivered and installed in 2009.
Tax savings assumes a 35% rate.