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Section 179 Info
To provide relief to business owners and to promote business growth, the United States government amended tax laws. The American Taxpayer Relief Act increased the depreciation deductions available for businesses purchasing equipment!
Section 179 Write Off
Section 179 Depreciation Deduction
This deduction allows a company to deduct the first $1,000,000 of equipment purchased in 2018 from their taxable income!
There is a 100% bonus depreciation for equipment purchased in 2018 over and above the $1,000,000 Section 179 deduction. This bonus depreciation affects the cost from $1,000,000 up to $3,500,000!
The information provided should not be considered tax advise. Please consult your tax advisor for more information..