IRS Tax Rule Section 179 allows businesses to write off the full purchase price of business equipment* Financing your equipment means minimizing your out-of-pocket cash and maximizing your 2022 tax savings . The deduction limit for Section 179 is $1,040,000. This means that if you buy (or finance) a piece of equipment, you can deduct the Full Purchase Price (up to $1,040,000) from … Read More
