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What Are My Tax Savings With Section 179 Deduction?
The Section 179 expensing deduction is a tax break that encourages small businesses to invest in themselves and to purchase equipment sooner rather than later. For 2017, the maximum deduction for equipment purchases is limited to $510,000 of the first $2,030,000 of qualifying new and used equipment, and software placed into service during the tax year they were purchased or financed.