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179 Tax Section
Tax Code 179
Section 179 will allow businesses to deduct, from their tax liability, the full purchase price of equipment (up to $250,000). The Code also allows for a first-year 50% bonus depreciation for any over-limit equipment.
This bottom line opportunity means substantial, immediate tax relief for your business and makes financing needed equipment a smart financial move. Consult your tax advisor or finance manager on how your practice may take advantage of this tax benefit.