Businesses like yours can take a same year 100% tax deduction for every dollar of equipment you buy or finance... up to $1,000,000. If you purchase outright or if you finance!
NOTE: If you finance your purchase, you can deduct the entire purchase price on your 2020 tax return even if you only make the first month's payment.
How much can you save? Use this handy calculator:
https://www.section179.org/section_179_calculator/
Here’s more information on Section 179:
https://www.cit.com/business/resources/section-179/quick-tips-to-make-the-most-of-Section-179-deductions/
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