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179 TAX DEDUCTION Lease Hydrogen
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, up to $500,000.
Secure Supplies team can assisit you to calculate the deductions and benefits under Code 179 .
Note: The deduction limit is $500,000 and the limit on purchased equipment of $2,000,000. Once this limit is exceeded, the 179 deduction is reduced dollar-for-dollar, i.e. at $2,500,000 of equipment purchased, the 179 deduction is no longer available.
This calculator is not meant to be tax advice. The indicated tax treatment applies only to a capital lease scenario. Please consult with a tax advisor to determine the tax ramifications of acquiring equipment or software for your business. Our Team will provide an estimatebase don the above layout.