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Section 179 Deduction

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Section 179 Deduction

 

Section 179 Deduction

 

Section 179 can provide you with significant tax relief for this 2017 tax year, but equipment and software must be financed and in place by midnight December 31, 2017.

Year-end check list

– Will Your Company End This Year with a Profit?

– Do You Want to Give it All to Uncle Sam?

– Has Your Accountant Suggested You Buy Something?

– Did You Know the Corporate Tax Rate is 35% on Your Profits?

How Much Can I Save on My Taxes in 2017?

It depends on the amount of qualifying equipment and software that you purchase and put into use. See the handy Section 179 Calculator that’s fully updated for 2017, and includes any/all increases from any future legislation.

Section 179 Calculator

When Do I Have to Do This By?

Section 179 for 2017 expires midnight, 12/31/2017. If you wish to deduct the full price of your equipment from your 2017 taxes and take advantage of the new higher deduction limits, it must be purchased and put into service by then.