Your Holiday Gift from the IRS: Section 179 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.
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