With the April 15 due date of taxes soon approaching, many businesses and people have taxes on their minds. It isn’t always the greatest day to look forward to, but if you’re able to understand certain parts of the tax code, you can enjoy it.
Section 179 is one of those parts. It allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased/financed during the tax year. It actually allows you to deduct up to 100 percent of the purchase price of qualifying equipment/software from your gross income.
The bottom line is this: you can deduct up to 100% of the purchase price for qualified equipment.
The best part of Section 179 comes when you combine it with leasing/financing. You can take advantage of the tax benefits of Section 179 while utilizing a minimal cash outlay and entering into a manageable payment plan.
For more information about our current financing promotions and how you can take advantage of all the benefits of leasing, contact us at (800) 347-0628 or email firstname.lastname@example.org.
(VAR Technology Finance is not a tax advisor. Contact your legal/tax advisor to determine the specific benefits and savings that you can take advantage of.)