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Did you know you get a tax deduction for buy properties, like vehicles or machinery? These deductions are basically depreciation, the expense of buying property over a certain number of years. These deductions can save you money on your business tax return.

You may even be able to take bigger deductions in the year when you first buy and begin using this property.

What are Section 179 Deductions?

Section 179 of the IRS Code was enacted to help small businesses by allowing them to take a depreciation deduction for certain assets in one year, rather than depreciating them over a longer period of time. This shows the benefit of taking the full deduction for the cost of the item immediately, rather than being required to spread out the detection.

Take advantage before the year runs out!