Section 179 Deduction
TaxesA tax provision allowing businesses to deduct the full purchase price of qualifying equipment in the year it's purchased.
Example
Example: On a $75,000 salary, understanding section 179 deduction could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how section 179 deduction works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.