Section 179 Deduction Simplified

Section 179 Deduction Simplified

179_imageThe whole purpose behind Section 179 is to motivate the American economy, and business like yourself, to move in a positive direction. Businesses adding equipment, software, and vehicles totaling less than $500,000 in 2013, can write off the entire cost on the 2013 tax return.

Taking advantage of the Section 179 Deduction may help lower your operating costs, keep more capital, while getting needed equipment. If you would like an estimate of how much money you can save, here’s a Section 179 Deduction Calculator.

It is not too late to take advantage of the IRS Section 179 Deduction. There are 25 days left before the deadline and now is a great time to invest in your business!

What is the Section 179 Deduction? Section 179 of the IRS Tax Code allows businesses to deduct, for the current tax year, the full purchase price of financed or leased equipment and off-the-shelf software that qualifies for deduction. Read More

Do you qualify for Section 179? If you have purchased or intend to purchase equipment between 01/01/2013 and 12/31/2013, you might qualify as long as the equipment will be put into service between the above specified dates (01/01/2013 and 12/31/2013). Read More

Can you lease (or finance) equipment and take advantage of the Section 179 Deduction? Yes you can! The deduction you take may actually exceed the total loan or lease payments you make for the first year. Read More

To find out more information about Section 179 visit www.section179.org or consult your tax advisor for further clarification.

Mid-State Litho, Inc.
5459 Fenton Rd.
Flint, MI 48507
www.midstatelitho.net