Unlock Your Opportunities with Section 179

The Deduction Limit is $1,040,000

Use this awesome deduction on new and used equipment. Your equipment must be financed/purchased (and put into service) between January 1, 2020 and the close of business on December 31, 2020.

The Spending Cap
on Purchases is $2,590,000

This limit is the max that can be spent on your equipment before the deduction available to your company begins to reduce dollar-for-dollar. This is a special opportunity for small businesses as companies that spend more than $3,630,000 on equipment aren’t permitted the deduction.

Bonus Depreciation is 100%

An advantage for new and used equipment, Bonus Depreciation is usually taken after the Spending Cap is achieved.

2020 CHEAT SHEET FROM ROQ.US

SECTION 179

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