News Alert: The 2022 Section 179 Deduction Limit for Businesses is $1,080,000
Jan 4, 2022 – The Section 179 deduction for 2022 is $1,080,000 (up from $1,050,000 in 2021). This means U.S. companies can deduct the full price of qualified equipment purchases, up to $1,080,000, with a “total equipment purchase” limit of $2.7 million (up from $2.62 million in 2021). The deduction includes both new and used qualified equipment.
In addition, businesses can take advantage of 100% bonus depreciation on both new and used equipment for the entirety of 2022. Remember to keep supply chain issues and delivery times in mind when making your Section 179 purchases for 2022.
Please see our fully updated 2022 Section 179 Calculator to see how the Section 179 tax deduction can benefit your company in 2022.
For a Limited Time Only BPI Color’s PrintWise Program is offering you a way to lock-in savings to upgrade your wide-format printing experience with the …Read More »
From Basement to Friends Fur-ever Original Video Source – Milkwaukee Tonight In a heartwarming display of compassion and dedication, BPI’s own, Vicky Van Lare, has …Read More »
As we welcome Spring, it’s high time we emerge from our winter hibernation and network with our fellow industry professionals. We’ve three major events on …Read More »
BPI Color is excited to introduce our PrintWise Wide-Format Printing Program, designed specifically for our wide-format clients. We’ve always strived to provide innovative printing solutions …Read More »
Section 179 is an attractive tax deduction for small and medium businesses. It’s also very easy to understand and utilize and is perfect for equipment …Read More »
Last month we held a poll in our newsletter in celebration of ARCHtober. Governor Tony Evers proclaimed October as “Architecture Awareness Month”. As a company …Read More »
Celebrating Archtober: Recognizing the Importance of Architecture in Our Communities We’ve been serving the architectural industry since 1956 and are elated that Governor Tony Evers …Read More »
As summer turns to autumn and the holiday season looms ever closer, it’s crucial for businesses to start preparing now. Taking proactive steps now can …Read More »
The November 1, 2023 deadline for entries is approaching for the 2024 Engineering Excellence Awards program, a prestigious event that celebrates remarkable innovations and ideas …Read More »