Equipment Leasing

How to Qualify for the IRS Section 179 Deduction When You Lease Equipment

What is an IRS Section 179 Deduction? Section 179 of the IRS tax code allows businesses to deduct the full purchase price of certain equipment and software financed during the tax year. You can deduct the total purchase price (up to certain taxpayer and business income limits) from your gross income. (The maximum is typically

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