Don’t miss out on a significant tax break! The Section 179 deduction allows businesses to expense the cost of qualifying equipment purchases in the year of purchase, rather than depreciating it over time.
How It Works
What Qualifies? A wide range of equipment can be eligible for Section 179, including:
- Machinery and equipment
- Computers and software
- Certain vehicles
How Much Can You Deduct? For 2024, you can deduct up to $1,220,000 in equipment purchases. Yes, it can be that simple. Section 179 allows you to write off the full expense of a business asset in the year you place the asset into service, and you can aggregate many business-asset expenses for the year, as long as they all have been put into use in 2024.
Why You Should Choose Acceptance Leasing and Financing
The team at Acceptance can help you take advantage of this valuable tax benefit by providing flexible financing solutions tailored to your specific needs. The programs we offer to borrowers have many advantages, including:
- Quick and Easy Process: Our streamlined application process and rapid approvals can get you the funds you need fast.
- Minimal Documentation: We require minimal paperwork to get you approved.
- Flexible Financing Options: We offer a variety of financing options to suit your budget and business goals.
- Expert Guidance: Our knowledgeable team can help you navigate the Section 179 process and maximize your savings.
Don’t Wait! Time is running out to take advantage of the Section 179 deduction for 2024. Contact us today at 412-262-3225 to learn more about how we can help you save money.
We are Acceptance Leasing and Financing Service, Inc. With over 30 years of experience, we are a trusted partner for businesses seeking equipment financing solutions. We’re proud members of SBCA and frequent attendees of the BCMC tradeshows. Let us help you grow your business and boost your bottom line.
Please note: This information is intended to provide general information and should not be construed as professional tax advice. It is recommended that you consult with a tax advisor to determine the specific tax implications of your situation. Also note that tax laws and regulations may change, so it is important to stay updated on the latest information.