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Section 179

Section 179

Unlock Your Business’s Full Potential with Section 179

Harness Immediate Tax Savings on Equipment Purchases

At Brickhouse Capital, we understand that managing cash flow and maximizing profits are the cornerstones of your business’s success. That’s why we want to introduce you to the powerful tax incentive that can make a significant impact on your bottom line: Section 179.

2023 Section 179
Tax Deduction CalculatorTM

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Calculation assumes that taxable income is greater than the asset cost. If your net income is lower than the cost of the asset then your deduction would be carried over to the next tax year. Please consult your tax professional for specific tax brackets and tax treatment for your situation.

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What is Section 179?

Section 179 of the IRS tax code is a stimulating incentive created to encourage businesses to invest in themselves. This provision allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. What this means for your business is that if you buy or lease a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income.

Who Can Benefit?

Section 179 is a fantastic opportunity for small and medium-sized businesses looking to expand and upgrade. If your company is purchasing, financing, or leasing new or used business equipment, you may qualify for significant tax deductions. This includes, but is not limited to, businesses in manufacturing, cryotherapy, construction, retail, and hospitality that acquire machinery, vehicles, furniture, computers, and software for business use.

Expected Savings

Embracing Section 179 can yield substantial tax savings. For the current tax year, the deduction limit is impressive, allowing for immediate expense deduction of up to a certain amount in equipment and software costs. Furthermore, the bonus depreciation is also in effect, which can be taken after the Section 179 spending cap is reached. This combination can result in a considerable reduction in the net cost of your equipment purchases, essentially providing your business with a discount on new investments.

Introducing Our Section 179 Calculator

To simplify your financial planning, we at Brickhouse Capital have developed an intuitive Section 179 calculator. This tool is designed to give you an instant estimate of how much you could save on your next equipment purchase by taking advantage of Section 179.

Invest in your business’s future today with the strategic advantage of Section 179. Explore our range of financing and leasing options to find out how you can start saving. For any questions or to discuss your specific needs with our experienced team, contact us

Take the first step towards smarter business investments and make this tax year the most profitable yet. Use our Section 179 Calculator now to forecast your savings and enhance your business’s equipment strategies.

Click the apply button below if your company is ready to move forward with financing.

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Remember, while providing such content, it’s essential to ensure that the information remains accurate and up-to-date with the latest tax laws. It may also be useful to prompt users to consult with a tax professional before making any financial decisions based on Section 179 deductions.