Section 179 Deduction

Section 179 allows businesses to lower their current-year tax liability rather than capitalizing an asset and depreciating it over a period of time in future tax years.

Benefits of Section 179:

  • Immediate expense deduction for purchases of depreciable business equipment.
  • Allowable deduction to maximum of $1,050,000.
  • Incentive to grow businesses with the purchase of new equipment.

This is an example of using the Section 179 Deduction by purchasing a WFT 13 Stock machine. The figures here are for illustrative purposes only!

The information on this site is provided as a customer service by LUCAS PRECISION LLC. However, it should not be construed as tax advice. We strongly recommend that you consult with your tax advisor!