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Do You Want a Bigger Tax Return? Lower Your Company's 2024 Taxes
Elevate Your Business Game with Section 179 Tax Credit
Great news for small business owners! The Section 179 deduction lets businesses take an immediate expense deduction for purchases of qualifying depreciable equipment, rather than spreading the deduction over several years. This deduction applies to both new and used purchased and financed equipment, and the full purchase price qualifies.
The Federal Section 179 tax deduction limit has been expanded to $1,160,000, and can be applied to either new or used capital equipment such as sewer cameras, jetters, cable machines, high speed flexible shaft machines, trenchless pipe tools, and more.
If you've considered buying new or used drain cleaning equipment for your business, NOW is the time to act. You can lower your 2024 taxes by taking advantage of the Section 179 tax deduction.
What is it?
Section 179 is an attractive tax deduction for small and medium businesses. It is good on new and used equipment, whether purchased outright, financed, or leased.
That means that if you obtain a piece of qualifying equipment for your business, you can deduct the FULL PURCHASE PRICE from your gross business income. When combined with our Financing Options, this tax deduction can make a sizeable increase to your 2024 bottom line and improve your cash flow!
Your equipment purchase must be delivered by December 31, 2024 to qualify for the tax deduction. Contact your Territory Manager or start shopping online.
*As with any tax strategy, we recommend a discussion with your tax advisor. You can also go to www.section179.org for more information.
