Section 179 Tax Deduction for 2018
The 2018 deduction limit is $1,000,000. This deduction is good for new and used equipment and in order to qualify the equipment must be purchased or financed by December 31, 2018. A $2,500,000 maximum can be spent on eligible equipment before the available tax deduction is reduced.
For more information about your potential tax savings, you can use the official Section 179 calculator.
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