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Official website of Section 179 
Simplifying Section 179
Fast Facts about the Section 179 tax deduction
This page gives you a quick “big picture” overview of Section 179. The individual pages for each aspect go a little deeper into the details (and we include links to them for ease of use), but this page serves nicely as a quick primer for the Section 179 tax deduction.
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 really helps companies, because it is aimed at general business equipment, as well as off-the-shelf software. In other words, if you use it in your business, it probably qualifies. See a list of qualifying Section 179 equipment.
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 and software using Section 179 Qualified Financing.
All you need to do is buy (or finance/lease) the equipment, and use a special IRS form. That’s it. Details here.
To qualify for a Section 179 deduction, the equipment must have been purchased (or leased/financed) and placed into service by midnight, December 31st of the year you are taking the deduction for.
For the past several years, Congress has raised the deduction limit, let higher limits expire, then raised them again. The various tax and stimulus acts have also affected Section 179 over the years. The best way to stay on top of Section 179 is to visit Section179.Org often.
You should definitely take advantage of Section 179 and the Bonus Depreciation. Why? Because it is a Use-It-or-Lose-It write-off.
The ‘Section 179 Deduction’ Helps Your Business!