Use this awesome deduction on new and used equipment. Your equipment must be financed/purchased (and put into service) between January 1, 2022 and the close of business on December 31, 2022.
Unlock Your Opportunities with Section 179
Unlock Your Opportunities with Section 179
The Deduction Limit is $1,040,000
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.