End of Year Savings
Take advantage of lower interest rates and Section 179 tax deductions to upgrade your equipment before year-end. Save thousands while boosting productivity. These benefits are perfect for your end of year savings strategy.
Act now to lock in savings and maximize your 2025 tax benefits. Contact us today to explore eligible equipment and financing options, contributing to your own end of year savings.
Section 179 Deduction Information
The Section 179 deduction is an IRS tax provision that allows businesses to immediately expense the full purchase price of qualifying equipment and software acquired during the tax year, rather than depreciating the cost over several years. As the year concludes, such provisions are significant for achieving end of year savings.
This is designed to encourage businesses to invest in themselves.
How the Section 179 deduction works:
Instead of gradually recovering the cost of a business asset over its useful life, Section 179 permits businesses to claim the deduction in the same year the asset is placed into service.
- Benefit: This provides businesses with immediate tax savings and is especially beneficial for small and medium-sized businesses keen on maximizing their end of year savings.
- Optional: The deduction is an election the taxpayer can make. If a business has no taxable income for the year, it cannot claim the deduction.
- Taxable income limit: A business cannot deduct more than its taxable business income for the year.
Consult your tax advisor to confirm eligibility for Section 179 deductions. Financing offers subject to credit approval. Limited-time offer valid through December 31, 2025.
