What is Section 179?
When it comes to getting your money to work for you this is an opportunity you will not want to miss! Section 179 will help reduce your tax liability to help you invest in a new piece of equipment before December 31st. This means that you will be able to take advantage of a maximum Federal tax deduction of 1,000,000 on both new and used equipment purchases in 2019. Additionally, for the calendar year of 2019, there is a 100% Bonus Depreciation available. When you purchase new equipment this bonus will allow you to depreciate the entire cost of new assets.
Your friends at Lansdowne-Moody want to make sure you take advantage of any opportunity to save. To learn more about section 179 and how we can help you save, contact us today!