2014 Tax Breaks for Equipment

The IRS is giving wide format professionals a nudge to buy or lease equipment by the end of the year. Have you been waiting for an opportunity to get the perfect printer to complete your shop? Is there a cutter that would make your life easier? Make it happen by the end of the year and it will pay off!

The Section 179 Deduction allows for the immediate deduction of the entire expense in a single year
(subject to certain deduction limitations) instead of being forced to track depreciation for equipment. While this section of the tax code doesn’t increase the total amount you can deduct in a single year, it allows you to benefit from the deduction all at once.  Please contact your tax professional for information concerning this deduction.

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