Section 179


What is Section 179?


“Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment or software, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.”(1)

PawnMaster Software


Throughout the last several years, the various Stimulus Acts that have affected Section 179 have had a large impact on our customer’s bottom line. By purchasing qualifying hardware, software and other equipment for their shops, they have had the opportunity to take full-advantage of the deductions available. *See your Accountant for full details.


As of today, the Section 179 limit is $25,000 for 2015.


If you’ve been waiting to purchase software, upgrade the equipment you use to run your shop, or even replace the vehicle that you use for your shop, all of these are qualifying purchases that can have the Section 179 deduction applied. Why wait until next year?


Go to the website to learn more about qualifying purchases, or for questions or any other information to be sure you can take full advantage of the deduction. Successful businesses all take advantage of legal tax incentives to help lower their operating costs. Taking the Section 179 Deduction will help your business keep more capital, while also getting the needed equipment, vehicles and software to grow your business.


Keep in mind, though, that this is allowing you to deduct the full purchase price of financed or leased equipment, up to the limits provided, for the current tax year. This is important to remember as you get closer to the end of the year.

Make your purchases before December 31, 2015 to qualify for 2015 tax deductions.*

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