SECTION 179                                           2023 TAX INCENTIVES

Section 179 Deduction

Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year.

That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE (up to $1,160,000) from your gross income. It’s an incentive created to encourage businesses to buy equipment and invest in their business.  

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Use the calculator to check your savings https://www.section179.org/section_179_calculator/