Financing, Tax Savings and Tax Deductions - IRS Code Section 179

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Deductions of up to $1,160,000 write off for the 2023 tax year

2023 Spending Cap on equipment purchases = $4,050,000
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. This spending cap makes Section 179 a true "small business tax incentive".

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