Section 179- Letting the Government Pay For Your Stuff

By | October 24, 2007

I have gotten some questions regarding my last post on Section 179 Deductions, mostly what types of equipment qualify for the deduction?

Technical Excerpt: Section 179 of the United States Internal Revenue Code (26 U.S.C. §179), allows businesses to immediately deduct the cost of certain types of property”

“Certain types of property”…. there’s the rub…

Well the truth is, anything from printing presses and machine tools to Hummers and GPS Tracking units qualify (of course everything must be for business use – and business use is a pretty vague definition.) If you have further questions simply ask anyone wearing a bowtie.

Next time I will discuss the finer points of frying a turkey.

Related

Qualifying Equipment

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