Sections 179 Limits
$1,080,000 per year
Under old tax law, when you leased certain types of equipment, you were only allowed to depreciate 50% of that property and only qualified property was exempt from the alternative minimum tax (AMT) depreciation adjustment.
Section 179 is a tax incentive for businesses. This benefit is designed to help small and mid sized businesses purchase equipment and develop their business. Section 179 allows you to treat qualifying assets as business expenses and expense the cost of the equipment immediately. The current rules and limits are set to expire in 2023.
Now might be the time to take advantage of our equipment financing for that extra piece of equipment you’ve been needed to expand your business while saving big on taxes.*
Call Huddle Business Capital at 949-484-9878 to get the piece of equipment you’ve been putting off getting to not only grow your business but also potentially enjoy significant tax breaks.
*The information provided above is not intended to be construed as expert tax advice. Please consult professional tax attorneys for individual evaluation of your situation