Section 179 Tax Deduction MADE EASY!

Taxes aren't always the easiest thing to understand - here are the basics to take advantage of this year's $1 MILLION deduction!

Image result for clock countdownWe visited and got the basics to help you take advantage of huge savings in equipment costs. 

ACT FAST- ends soon! 

What is the Section 179 Deduction? 
  • Section 179 is a tax code created to help businesses. 
    • Allows businesses to deduct the full amount of the purchase price of equipment (up to certain limits).
  • Section 179 is valid on most types of equipment (including welders). Qualifying List
  • Section 179 is simple: Purchase equipment, then submit IRS form with your tax return. 
  • Section 179 must be used by the end of the year.
    • To qualify, the equipment must have been purchased (or leased/financed) and played into service by midnight, December 31st. 
  • Section 179 is a USE-IT or LOSE-IT write-off. 

2018 Section 179 Tax Deduction Limit is at an all-time high this year: $1 MILLION

Businesses can deduct the full cost of equipment from their 2018 t
axes, up to $1,000,000, with a “total equipment purchased for the year” threshold of $2,500,000.

Can you Lease or Finance Equipment & still take advantage of the deduction?
  • YES- you can obtain a loan with an Equipment Finance Agreement and still take the Section 179 deduction. 
  • The advantage of leasing/financing with the Section 179 deduction: You can deduct the full amount of the equipment, without paying the full amount this year. The amount you save in taxes may actually exceed the payments, benefitting your bottom line! 

How much money can Section 179 save me in 2018?

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Use the Deduction Calculator to help make your decisions and save a lot of money!

IMPORTANT: For all details on the Section 179 Tax Deduction, visit

Pro Spot is not a Tax Advisor, please advise with your CPA or Financial Team.