| Lower the True Cost of Purchasing your Business Equipment Section 179 is the area of the IRS tax code created to help businesses reduce their tax liability.  Take Advantage of the 2013 Section 179 Tax Credit! Under extended Section 179 limits established by the American Taxpayer Relief Act 2012 (H.R.8), businesses that purchase qualifying equipment in 2013, may immediately depreciate up to $500,000 of their new or used equipment costs. In addition, businesses acquiring qualifying (NEW) equipment may utilize an additional 50% BONUS depreciation allowance. Additional depreciation for both new and used qualifying equipment is allowed with use of the standard first year depreciation allowance (under MACRS rules, 20% for equipment with a 5 year class life as defined in IRC 168). Please Note — To take advantage of the 2013 tax incentives, your business equipment or software must be put in use by year end. 2013 limit on capital purchases is $2,000,000. Section 179 is simple to use! All you need to do is buy (or lease) the equipment and use IRS Form 4562.  Interested in Financing? Learn about the Benefits of Leasing our Equipment. |