Is your business in need of new equipment and software? Are you holding off on acquiring equipment because of capital constraints or other concerns, like conserving your cash?
Consider the tax saving advantages of the Section 179 tax benefit. In 2017 the deduction limit was permanently raised to $1,000,000 and indexed for inflation. That means you’re able to deduct up to $1,050,000 in 2021 for the purchase of new or used equipment, software, and other assets.
If you couple this dollar-for-dollar reduction to taxable income with LEAF’s customizable payment plans, long overdue asset acquisitions are more affordable than ever. So is the equipment you need to expand your business.
LEAF has several resources to get you started.
You can use our Section 179 Savings Calculator to see firsthand how taking advantage of Section 179 can help you manage your taxes.
For more information, see our other Section 179 resources below.