Category Archives: Section 179 Deduction

One of the few tax deductions that really work for small business

TVM and Section 179

Quick question: If I offered you one of three choices: $5,000 cash right now, $5,000 in a few years, or $1,000 a year for five years, which would you take?  Most of you would say $5,000 right now, which is the correct answer. There are a lot of reasons why most people feel this is the correct answer.… Read More »

Reasons to Finance Equipment in 2022 – Section 179

One more reason to finance equipment in 2022 is my old favorite, Section 179. It makes more sense than ever to take advantage of Section 179. All you have to do is read my past few blog posts – there you find talk of rate increases, record inflation, increased lead times, and even used equipment costing more.  All… Read More »

Fletch’s Wish List – 2021

Every year, I do a wish list around the holidays, and 2021 is no different. Let’s see what I’d like under the tree for this year. A Nice Increase for Section 179 Section 179 was made permanent a few years ago, and it’s received small annual increases since (this year it’s $1,050,000, up 10K from 2020’s $1,040,000). Ok,… Read More »

Still Time for Section 179. I Think. Maybe. Probably.

As we move through the 4th quarter of the strangest year ever (after the last strangest year ever), I’m struck by how things have changed, but also how many things have stayed the same. One thing that is sure to remain is companies rushing to get a Section 179 purchase or three in before the deadline. And as… Read More »