IRS Section 179 allows businesses to deduct the full purchase price of qualifying assets in the year they are put into service, providing significant tax relief and encouraging investment in business equipment.
Section 179 Property allows businesses to deduct the full purchase price of qualifying assets in the year they are placed in service, rather than depreciating the cost over time.
A detailed overview of Section 179 of the Internal Revenue Code of 1986, allowing for the immediate deduction of qualifying property costs.
