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Section 179 Deductions FAQ
By Ryan Scarlett
Did you know Section 179 Deductions:
Applies to both new and USED equipment
Bonus Depreciation = 100%.
Bonus Depreciation is generally taken after the Section 179 Spending Cap is reached.
Bonus Depreciation is available for both new and used equipment.
Finance for 5 years and deduct the whole amount in the first year
Read more about Section 179 Tax Deductions and Qualifying Purchases and Deductions at Section179.org
DOWNLOAD THE IRS FORM 4562
Before the end of the year, it is important to discuss your end of year deductions and other cost savings options.
Click Here for a list of 12 Topics to Discuss with your accountant!
Weighing a machine purchase? Run the numbers with our free machine ROI calculator: payback months, first-year return, and five-year net.