Section 179-Full depreciation on equipment in first year-expires end -DecemBer

Section 179 of the tax code allows 100% depreciation of equipment in first year, but the deadline is end December. See section179.org for more details. From the site “Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.”