Section 179 of the United States Internal Revenue Code (26 U.S.C. § 179), allows a taxpayer to elect to deduct the cost of certain types of property on their income taxes as an expense, rather than requiring the cost of the property to be capitalized and depreciated. This property is generally limited to tangible, depreciable, personal property which is acquired by purchase for use in the active conduct of a trade or business.
No need to spread the expense out, and you can take maximum advantage of this tax code, but time is running out. The end of this year is near. Call us at Paradise Fleet and let us help you get the equipment you need and help you save money by taking advantage of this great Section 179 deduction.
Call us at 951-252-2980.
No comments:
Post a Comment