TAX BREAK! Start 2021 with more money in your pocket!

Tax Break Time!

If you’re looking forward to the year 2021, I am surprised for you: it’s called section 179 of the IRS tax code.

If you are not familiar with what it is, here you go:

Essentially, section 179 of the IRS tax code allows businesses to deduct the full price of equipment and/or software purchased or financed in the tax year. This deduction is reasonable on new and used equipment, as well as off the shelf software. To get the deduction, equipment/software must be financed/purchased and put into service by the end of business on Dec. 31, 2020. You will need to fill out part one of the IRS form 4562. What a better way to start 2021 other than a tax break? Ready to start shopping? Give us a call!