Section 179 Benefits to Purchasing Machinery Now Rather Than Later

Section 179 Benefits to Purchasing Machinery Now Rather Than Later

Section 179 Deduction
This deduction is designed for small to medium-sized businesses and larger businesses who are not spending over $2 million in capital per year. This deduction allows many businesses to write off the entire cost of the machinery they purchase, lease or finance in the year it is delivered.

What Qualifies For These Deductions
• New and USED machinery purchased for business use.
• Computers and off-the-shelf software
• Tangible personal property used in business
• Office furniture and fixtures

To qualify for these deductions in 2017, equipment must be delivered by December 31, 2017.