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Section 179 allows a business to deduct the Full Purchase Price of qualifying purchased, financed, or leased equipment. The deduction caps at $1,080,000 and equipment must be placed into service in the same tax year (by December 31st, 2022).
Section 179 allows a business to deduct the Full Purchase Price of qualifying purchased, financed, or leased equipment. The deduction caps at $1,080,000 and equipment must be placed into service in the same tax year (by December 31st, 2022).
