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Section 179

Understanding Tax Benefits

Using Section 179 with an Equipment Finance Agreement might be the most profitable decision made this year!

How does it work?

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. If you buy or finance a piece of qualifying equipment, you can deduct the full purchase price from your gross income.

The deduction limit is $1,000,000 in 2020.

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