A Tax Deduction To Give Thanks For – The Sec. 179 Rule

It happens every year around this time – the season for end-of-year tax deductions. The Section 179 tax rule gives businesses an opportunity to write off as much as $500,000 in new and used equipment costs. Equipment or software purchased and put into service by December 31st is deducted from your business’s gross income – it’s as simple as that. And depreciation boosts the total tax reduction even more.

The tax experts at Section179.org provide in-depth information on this valuable tax strategy, and the calculator from Crest Capital shows the savings.

The key phrase in Section 179 is “put into service.” With only a month left in 2016, many kinds of business equipment simply can’t be delivered and put into service before the end of the year. The good news: There’s a wide variety of high density storage, RFID systems, and modular furnishings on a quick-order program. Talk to your tax advisor, then talk to your local storage professional to find out which new and efficient storage systems can help your business qualify for this attractive deduction. Don’t waste a minute!

 

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Your Gift from the IRS: The Equipment Purchase Deduction

As the song says, “It’s that time of year,” time to take advantage of Section 179, the tax rule that allows you to deduct the full purchase price of business equipment, up to $25,000. New equipment put into service before December 31st can be deducted from your business’s gross income under Section 179. It’s that simple. And everything we provide – high density storage systems, RFID systems, materials handling equipment, for example – qualifies for the deduction.

More good news: When you add in depreciation, the total tax reduction is even greater. This calculator shows the savings: http://bit.ly/11RTHn5. Check with your tax professional, then give us a call.

 

Got questions? We’ve got answers…

 

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