Maximize Your Savings
Take advantage of Section 179 and invest in your business.
What is Section 179?
Section 179 of the IRS tax code gives businesses like yours the ability to deduct the full purchase price of qualifying equipment—whether purchased or financed—during the tax year. It’s a smart way to lower your tax burden while reinvesting in the tools that keep your business running.
Benefits & Advantages
Frequently asked questions about Section 179.
If your business spends less than $3,050,000 on qualified equipment, you could profit by combining the Section 179 tax deduction and financing your business needs.
By combining Section 179 and equipment financing, your business could deduct the entire amount of your equipment purchase while paying a fraction of the cost upfront. Your tax savings can exceed the monthly payments on your equipment during the taxable year.
According to the IRS, any equipment purchased and actively used for your business may be eligible for Section 179 savings. This includes machinery, computers, software, or any other tangible goods.
To make sure your equipment qualifies, view the IRS’s Publication 946.
In 2024, businesses that spend less than $3,050,000 a year on qualified equipment can write off up to $1,220,000.
First, contact your tax advisor to see how Section 179 could impact your business. For the most up-to-date information on Section 179, visit www.irs.gov. Then, contact Western Equipment Finance to finance your equipment purchase. We'll be able to work with you on financing to profit with Section 179.
Contact your tax advisor for the specific impact to your business or visit www.irs.gov.
Use our Section 179 Calculator to estimate your potential tax savings when purchasing qualifying business equipment. It’s a quick and easy way to see how much you could save. Try it out and take the guesswork out of your tax planning!
Curious what your savings could be?
Use our Section 179 Calculator to see how your business could save.