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Fast Facts about the Section 179 tax deduction

This page gives you a quick "big picture" overview of Section 179 and the impact of the various 'Stimulus Acts' of 2008, 2009, and 2010 have had on IRS §179 for the tax year 2013. The individual pages for each aspect go a little deeper into the details, but this page serves nicely as a quick primer.

  • Section 179 is a tax code created to help businesses. By allowing businesses to deduct the full amount of the purchase price of equipment (up to certain limits), Section 179 is a fantastic incentive for businesses to purchase, finance or lease equipment this year.
  • Section 179 is valid on most types of equipment. There is little sense in allowing a deduction on only obscure equipment, so Section 179 is aimed at general business equipment as well as off-the-shelf software. If you use it in your business, it probably qualifies. See a list of qualifying Section 179 equipment.
  • Section 179 can greatly help your bottom line. By deducting the full cost, you lower the amount you pay for equipment and/or software substantially. And these benefits can be further expanded if you choose to lease or finance your equipment & software.
  • Section 179 is simple to use. All you need to do is buy (or lease) the equipment, and use a special IRS form. That's it. Details here.
  • Section 179 was enhanced for 2013. The various Stimulus Acts over the past few years have included special provisions for Section 179 and Bonus Depreciation, and greatly increased the limits on how much businesses can deduct. There is simply no better time than now to take advantage of Section 179 and Bonus Depreciation.
The 'Section 179 Deduction' Helps Your Business!
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This website was designed to answer your questions regarding the Section 179 Tax Deduction, and to explain the impact the various Stimulus Acts have had on Section 179. The information on this site will clearly explain the Section 179 Deduction in plain terms; will go over what property qualifies under Section 179 for the deduction; and will explore the myriad of ways the Section 179 deduction can impact your bottom line. In addition, there are IRS tax forms and also tools for you to use, such as the free Section 179 Deduction Calculator currently updated for the 2013 tax year.