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END OF YEAR SALES AND PROMOTIONS

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SAVE 10% OFF ALL MAGGI MACHINES AND STEFF POWER FEEDERS

OFFER EXPIRES 12/31

SAVE 5% OFF ALL JLT CLAMPS

OFFER EXPIRES 12/31
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Section179

What is the Section 179 Deduction?
Section 179 of the IRS Tax Code allows a business to deduct the full purchase price of equipment and off-the-shelf software that qualifies for the deduction for the current tax year.

What are the Section 179 Limits for 2023?
The Section 179 deduction limit for 2023 was raised to $1,160,000 and the total equipment purchase limit was raised to $2,890,000. This is an increase from the 2022 Section 179 tax deduction which was set at a $1,080,000 limit with a threshold of $2,700,000 in total purchases.