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CMS Funding Blog

How Tax Benefits Can Help Pay for Your Equipment

Posted by Alan Brown on Apr 4, 2018 10:01:10 AM

 

Are you a business seeking to purchase or lease new furniture, technologies, machinery, or other equipment? If so, there is an incentive for you under Section 179. The tax benefit under Section 179 allows immediate tax deductions for qualified purchases. Specifically, the Tax Cuts and Jobs Act of 2017 allows businesses to make individual deductions of up to $1,000,000 for asset purchases capped at $2,500,000.

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Topics: Equipment Financing, Equipment Leasing, Equipment Leasing Strategy, Tax Savings, Section 179, Tax Benefits

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