Tag: Section 179
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Need New Technology? Calculate Your End-of-Year Section 179 Deduction for 2020
Time is running out to leverage the Section 179 deduction for this year… Section 179 of the federal tax code allows businesses to deduct the full purchase or lease price of new technology the first tax year – up to $1,040,000. Yes, this deduction applies to both leased and purchased equipment. When you buy or…