They've done it again...waited until the last minute to increase the Section 179 tax deduction...
Section 179 Upped Deduction Cap!
The Section 179 tax deduction (www.section179.org) will expire on 12/31/15.
Section 179 allows you to deduct up to $2,000,000 worth of equipment (hardware and software) from your 2015 taxes. Additional information on this deduction can be found HERE.
YES, they set the cap at 2 MILLION
This is a great time to update your technology. It's possibly the very last year for Section 179. This deduction will allow you to refresh almost anything technology-related from new PCs and servers to upgrading that printer that's been making funny noises in the corner.
So, what's the catch? Equipment purchased must be put into place before 12/31/15. Give us a call if you'd like to take advantage of Section 179 for IT upgrades.