Posts Tagged ‘ section 179 ’

Considering Additional Equipment Purchases? It Pays to Decide Before Year End

Nov 17th, 2022

Take advantage of Section 179. The 2022 Section 179 deduction is $1,080,000 (that’s one million, eighty thousand dollars). That’s a full 30k increase from last year. This means your company can buy/lease/finance new or used equipment and write off the full cumulative purchase price on your 2022 taxes. This can result in big tax savings, […]

Section 179-Still Some Savings to Be Had

Nov 6th, 2014

Last year at this time I wrote about Section 179 advising anyone considering an equipment purchase to complete the sale and get the equipment installed by the end of the year. Well, section 179 is still hanging around for tax year 2014. This year the tax benefit for has been much reduced but can still […]

Section 179 – Maximizing the Bang for Your Equipment Buck

Oct 22nd, 2013

The fourth quarter is an excellent time to finalize equipment purchases. Based upon year-to-date (YTD) financial results, management can get a pretty good idea if investment in equipment or software is in the cards, so to speak. It is also a very good time to study YTD production efficiency results and to determine if new […]

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