The Section 179 tax deduction lets you deduct the purchase price of many types of equipment used for business. This tax code has helped entrepreneurs and long-established business owners write-off a big portion of their equipment and technology purchases, thereby enabling them to conserve their cash.
Calculate your tax deduction using the calculator below.
According to the IRS, the Section 179 deduction is currently $25,000 for 2014 with a "total equipment purchased" threshold of $200,000. This means businesses can deduct the full cost of equipment from their 2014 taxes, up to $25,000.
Equipment from PHS is available for Section 179 tax deductions.
For more information on Section 179 please contact Paper Handling Solutions.