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SECTION 179 of the tax code lets you to deduct the full purchase price of new equipment during the tax year. That means that if you buy a piece of equipment, you can deduct the FULL PURCHASE PRICE from your gross income.1 It's an incentive created by the U.S. government to encourage businesses to invest in themselves.
1. This material is provided for general informational purposes only and is not intended as legal or tax advice. For details regarding the IRS Section 179 tax allowance and to what extent you qualify, consult your tax advisor before relying on this material. Refer to https://www.irs.gov/