If you're a business owner planning to buy heavy equipment this year, Section 179 of the IRS tax code might be one of the best tools to save on your taxes. This benefit allows you to deduct the full purchase price of qualifying equipment in the same year it is purchased and put into service, instead of writing it off gradually over several years.

🔍 What Is Section 179?

Section 179 was created to encourage businesses to invest in themselves by offering a significant tax deduction for equipment purchases. Whether you lean left or right politically, one thing both sides agreed on was restoring the 100% first-year depreciation for equipment put into service after January 19, 2025. That means customers can deduct up to the full cost of their equipment in the same tax year.

Regardless of whether side of the political aisle you find yourself, one huge benefit for our customers is the restoration of the 100 percent first- year depreciation deduction for equipment purchased or put into service after January 19,2025.  This means you can write off 100% of the equipment purchase.   The depreciation does not end there but also applies to purchases made before 2025 so ask your tax advisor if you can take advantage of this huge bonus depreciation.