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Section 179

Section 179 - Everything You Need to Know

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A Game Changer for Small and Medium Businesses: Section 179

If you haven't yet taken advantage of Section 179 tax incentives to purchase or lease office technology and managed IT equipment in the current tax year, you still have a few weeks left to do so. 

According to the IRS website: "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. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves." However, in order to take the deduction for tax year 2020, the equipment must be financed or purchased and put into service between January 1, 2020 and the end of the day on December 31, 2020.


The Real World Incentives of Section 179

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If you’ve been holding off on making a big equipment purchase, there’s still time to take advantage of this year’s Section 179 benefits.

Join us for the ABE Open House!

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Come to our Open House and discover how we can address and relieve your pain points, and how you can benefit from end-of-year tax deduction benefits.