Section 179 Tax Deduction
for Business Equipment

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  • Section 179 of the Internal Revenue Code encourages small businesses to invest in their growth by providing accelerated depreciation and tax deductions on qualifying business purchases. 
  • All businesses that finance equipment during tax year 2023 may be eligible to deduct the full purchase price from their pre-tax income.
  • Up to $1,160,000 of qualifying equipment may be written-off on your 2023 tax return.
  • To qualify for the Section 179 Deduction, the equipment must be put into use between January 1,2023 and December 31, 2023.

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