section 179

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Section 179: A Tax Write-Off Every Business Needs to Know About

As a business, if you haven’t already taken advantage of Section 179 – you could be leaving money on the table. According to Section179.org, “Section 179 is a tax code created to help businesses.”. This tax code allows businesses to deduct the full amount of the purchase price of equipment (up to $500,000.00) this year as an incentive to purchase, finance, or lease equipment. By deducting the entire cost of your business equipment purchase you lower the amount of taxes you pay on that equipment.