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Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) qualifying software, you can deduct the purchase from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy and invest in themselves.
IMPORTANT: Equipment and software must be purchased or financed and in place by midnight December 31, 2021.
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Call us at 763-476-4268 so we can get started on your project and tax savings!