Year-end is quickly approaching and deciding on those year-end purchases is probably already on your mind. As you may know, Section 179 allows small businesses that purchase qualifying
equipment/software in the current calendar year a substantial tax deduction of up to $1,080,000. The spending cap on equipment for the 2022 Calendar year is $2,700,000. “This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar-for-dollar basis.
2022 Section 179 Tax Deduction Information
