Section 179 of the IRS Tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year.  That means if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from you gross income. (https://www.section179.org/section_179_deduction/) 

Our partners at CIT created a guide to help you with Section 179.

 

Get the Section 179 Guide Book here.