
As businesses continue to evolve, staying competitive often means upgrading technology and investing in hardware. Fortunately, Section 179 of the IRS tax code offers a substantial opportunity for businesses to deduct the full purchase price of qualifying equipment and software purchased or financed during the tax year. This can provide a significant financial boost, allowing you to reinvest in your operations while enjoying tax savings. At C Three Business Consultants, we offer a range of technology hardware that is eligible for Section 179 deductions, helping your business not only stay ahead of the curve but also maximize your tax savings.
Section 179 is designed to encourage small and medium-sized businesses to invest in their growth by offering a tax deduction on qualifying purchases. In a nutshell, this provision allows businesses to deduct the full cost of qualifying equipment and software in the year it’s purchased, rather than spreading it out over multiple years through depreciation.
In 2024, businesses can deduct up to $1.16 million under Section 179, with a total spending cap of $2.89 million. If your business has been considering an upgrade to its IT infrastructure, now is the perfect time to do so, and C Three Business Consultants can guide you through the process of choosing the right technology that qualifies for these tax savings.
Eligible Technology Hardware:
Servers, Computers, Laptops, Copiers, Printers, Backup Solutions, Security Systems, and MORE!
Timing is critical when it comes to Section 179. To take full advantage of the tax incentives, businesses must purchase or lease qualifying technology before the end of the tax year. With the current cap at $1.16 million, now is the time to upgrade your business’s technology infrastructure and reap the benefits.
C Three Business Consultants is here to help you every step of the way. Whether you’re upgrading your office computers, implementing a new server system, or enhancing your security with the latest technology, we have the expertise to ensure you get the most out of your Section 179 deduction.
Contact us today to learn more about how C Three Business Consultants can help you make smart technology investments that benefit your business and reduce your tax burden.