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Nick Ross
VP / Indirect Originations
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Specialty Industry
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Amusement
Section 179 Tax Deduction
What is Section 179?
Section 179 is part of the IRS tax code. It can help your small businesses take advantage of equipment purchases through tax deductions.
How Can My Business Save with Section 179?
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.
What are the Details?
With Section 179, your business can take advantage of:
- 2,560,000 Deduction Limit
- 100% Bonus Depreciation Available
- $4,090,000 Phase Out Begins
- Deadline December 31, 2026
Complete an Application Today
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