Tax Advantages

SECTION 179 AT A GLANCE FOR 2021

2021 Deduction Limit = $1,050,000

This deduction is good on new and used equipment, as well as off-the-shelf software. To take the deduction for tax year 2021, the equipment must be financed or purchased and put into service between January 1, 2021 and the end of the day on December 31, 2021.

2021 Spending Cap on equipment purchases = $2,620,000

This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true “small business tax incentive” (because larger businesses that spend more than $3,670,000 on equipment won’t get the deduction.)

Bonus Depreciation: 100% for 2021

Bonus Depreciation is generally taken after the Section 179 Spending Cap is reached. The Bonus Depreciation is available for both new and used equipment. Change the contact line to read – Call Our Sales Representatives Today! (800) 696-9517

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