This quick guide will help you better understand Section 179 and Bonus Depreciation. The Section 179 Tax Deduction lets you deduct all or part of the purchase price of qualifying equipment. Bonus Depreciation allows you to deduct an additional 100% of the cost in the year it was purchased. Each year this tax law changes, so be sure to ask your accountant or financing consultant when you plan to acquire new equipment using this tax break. Take a look at our infographic below that gives a thorough explanation.
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