Section179 Qualified Financing

Maximizing your investment potential requires a comprehensive understanding of the financial tools available to your business. Section 179 Qualified Financing is one such powerful ally. It empowers you to invest in necessary equipment and vehicles while reaping substantial tax benefits. Let’s unravel how you can leverage Section 179 Qualified Financing to supercharge your business strategy.

Section 179 Qualified Financing is a financial strategy that synergizes the financing or leasing of business equipment and vehicles with the tax benefits of Section 179 deduction. This provision allows businesses to deduct the full purchase price of qualifying equipment financed during the tax year, thereby significantly reducing your overall tax burden.

• Immediate Tax Deduction: Deduct the full purchase price in the year the equipment was financed, without having to pay the full amount this year.

• Flexible Financing Options: Personalize the financial arrangements to cater to your specific business needs with adjustable terms.

• Improved Cash Flow: Minimize your tax bill and free up more cash for other vital business expenses.

• Tax Savings Exceed Payments: In many scenarios, the tax savings from the deduction can boost your bank account more than if you never financed the equipment at all.

Section 179, when used with an Equipment Finance Agreement (EFA) or certain types of leases, can be your most profitable decision this year. Why? Because the taxes you save with the deduction can surpass your cash outlay for the year when you combine a properly structured EFA or lease with your Section 179 deduction.

To potentially qualify for financing under Section 179, businesses must satisfy a few key conditions. To start, your business must have been operational for a period of at least two years. Another vital requirement is a strong and favorable credit history. It’s important to remember that additional conditions will also be applicable.

Remember, even if you meet the basic qualifications, it doesn’t automatically mean you’ll receive financing. Approval for any Section 179 Qualified Financing ultimately depends on a lender’s assessment of your creditworthiness. The details and conditions of any business loan, including its availability and associated costs, are decided upon by your lender.  You may also be asked to provide further information or documentation to assess your eligibility. Our website is just a source of information and doesn’t promise you’ll secure a business loan.

Also, note that Section 179 financing might not be accessible in all regions, and specific restrictions could apply. In some instances, it could be outright prohibited. It’s always a good idea to do thorough research and get a clear understanding of your financing options and eligibility for Section 179. A reliable source of information for this is your accountant or financial advisor.

As for the assets, equipment, software, and many types of vehicles used for business purposes more than 50% of the time typically qualify. To view a comprehensive list of eligible equipment, visit our Qualifying Equipment page.

The primary advantage of financing equipment, vehicles, and/or software, then claiming the Section 179 Deduction, is the capability to deduct the full amount of your purchase without paying the full amount this year. In many cases, the tax savings from the deduction will result in a larger bank balance than if you never financed the equipment at all. (You are reading this correctly; in many cases, the tax savings from the deduction will make your bank account larger than if you never financed the equipment in the first place.)

Contributing to your bottom line, the financing Section179.Org recommends comes with a ‘$179 Bonus per $10,000 Financed’ for a limited time during the 2023 calendar year. This means that you can (a) acquire your equipment, vehicles, and/or software now, (b) fully utilize the Section 179 deduction in 2023, and (c) receive bonus cash as well. Click
here  for more details.

To maximize Section 179 Qualified Financing, select your equipment and choose a lender well-versed in the Section 179 deduction. Once your financing is in place, you can claim the deduction on your tax return. This powerful tool doesn’t only let you acquire new equipment, vehicles, and/or software, but it directly lets you retain more of your hard-earned money by minimizing your tax liability.

Consider reaching out to a Section 179 Qualified Equipment Finance Lender like Crest Capital to help structure your equipment financing agreement, maximizing the benefits of Section 179.

Navigating the complexities of Section 179 Qualified Financing can be a challenge. However, with expert guidance, it can significantly enhance your business benefits. Crest Capital, with their specific expertise in Section 179 Qualified Financing, can guide you in this specialized area.

Please note, Crest Capital is focused exclusively on inquiries related to financing equipment, software, or vehicles under Section 179. They do not handle questions outside of this scope. For queries specifically about Section 179 Qualified Financing, you can reach out to Crest Capital at (800) 245-1213 or explore their Section 179 Qualified Financing solutions
.

For broader questions about Section 179, we recommend consulting with your financial advisor or tax consultant. Remember, smart financing begins with accurate information. Equip yourself with the right knowledge – and the right help – to secure your business’s future.

The information provided on this page is intended to be general and informational in nature. It is not provided as legal, financial, or tax advice, and should not be relied upon as such. The details surrounding Section 179 and its use can vary greatly depending on individual business situations.

Always consult with your financial advisor or tax consultant before making any decisions that may impact your business’s tax obligations or financial situation. Your financial advisor or tax consultant can provide advice based on your specific circumstances.

While every effort has been made to ensure the accuracy of the information on this page, tax laws, eligibility requirements, and the specifics of Section 179 financing can change without notice. Please reach out to an expert or your tax consultant for the most current information.