Through Section 179 of the federal tax code, businesses have an opportunity to generate a huge tax break on technology and equipment purchased, financed or leased in 2021. The maximum amount a business can expense under Section 179 rules is $1,050,000 for the purchase or lease of both new and used equipment, with a “total […]
New tax reform rules provide for a significant increases in the ability to generate a tax break on technology and equipment purchased, financed or leased in 2019. The maximum amount a business can use for Section 179 expensing has been increased to $1,000,000 for purchases of both new and used equipment.
The 2018 tax law provides for significant increases in the ability to generate a tax break on equipment purchases. The maximum amount a business can use for Sec. 179 expensing has been increased from $500,000 to $1,000,000 for purchases of both new and used equipment. In addition, immediate expensing has been expanded to include additions […]