(This includes additional ink and supplies but doesn’t include the SpeedTreater-TX or heat press)
Payments reduced to = $266.00* for the first 12 months.
Remaining payments = $384.00* for 48 months.
(Estimate for a traditional lease = $355.00* for 60 months.)
* Payments are close estimations, final prices and payments may vary. All terms are on approved credit.
Most people think the Section 179 deduction is some mysterious or complicated tax code. It really isn’t!
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves!
In years past, when your business bought qualifying equipment, it typically wrote it off a little at a time through depreciation. In other words, if your company spends $50,000 on a machine, it gets to write off (say) $10,000 a year for five years (these numbers are only meant to give you an example).
Now, while it’s true that this is better than no write-off at all, most business owners would really prefer to write off the entire equipment purchase price for the year they buy it.
And that’s exactly what Section 179 does – it allows your business to write off the entire purchase price of qualifying equipment for the current tax year. Businesses have used Section 179 to purchase needed equipment right now, instead of waiting. For most small businesses, the entire cost of qualifying equipment can be written-off on the 2019 tax return (up to $1,000,000).
For more information, limitations & qualifications visit https://www.section179.org/section_179_deduction/ Always consult with a tax professional for advice on your personal situation.