BUY OR LEASE NOW SECTION 179
SECTION 179 DEDUCTION HAS A MAJOR IMPACT ON YOUR EQUIPMENT AND SOFTWARE COSTS
What is the Section 179 Deducton?
Essentially, 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.
All businesses that purchase, finance, and/or lease new or used business equipment and/or software during tax year 2020 should qualify for the Section 179 Deduction.
Buy or Lease?
Buy or Lease? Most tangible equipment that businesses purchase or lease will qualify for the deduction. Section 179 financing is a very qualified strategy. Work with Emerald to find the best solution for your business.