Now is the Perfect Time to Upgrade Your Technology
Purchase your technology equipment before the end of the year for significant tax savings
Section 179 of the IRS tax code lets businesses deduct the full purchase price of qualifying equipment financed during the tax year, up to $1,020,000. Instead of depreciating newly acquired equipment over several years, take the full deduction now and save real money on your bottom line.
It might not seem like there’s room in the budget for an upgrade, but Section 179 offers a way to adopt the newest technology solutions without getting crushed by upfront costs.
Here’s what qualifies:
- Purchased, financed or leased equipment
- Workstations, laptops, tablets, smartphones
- Servers and printers, routers, network switches, network security appliances
- Off-the-shelf software (productive, anti-virus, administrative, etc.)