Understanding the section 179 deduction

At MSII we know budgets are tight, and money needs to be invested wisely. We also understand that spending a large some of cash on capital equipment can be stressful. Over the past few weeks we have had several different accociations bring Section 179 to our attention to pass along to our current and prospective customers.

Section 179 of the IRS tax code is an incentive for both small and large businesses. It allows businesses to deduct the full purchase price of qualifying equipment  that has been purchased during the tax year.

 A Quick Glance of Section 179:

• 100% deduction up to $500,000
• Spend $2,000,000 or LESS on equipment purchases
• Buy equipment and start using it by 12/31/16

More information can be found online at http://www.section179.org/section_179_deduction.html