Section 179 – Maximize Your Deductions

November 6, 2024

What is Section 179?

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and software purchased or financed during the tax year. Instead of depreciating these assets over time, businesses can deduct the full amount in the year of purchase, which provides immediate tax relief.

How does it benefit businesses?

Section 179 offers significant financial advantages to businesses by allowing them to reduce their taxable income through immediate deductions on equipment and software purchases. This immediate deduction incentivizes businesses to invest in new equipment, helping with cash flow and enabling them to grow more quickly. It also reduces the need for long-term depreciation accounting.

What types of equipment can be purchased?

Eligible purchases include a wide range of business equipment, such as:

Machinery and equipment (including large printers, copiers, and other business hardware)
Office furniture
Vehicles used for business (with certain limits)
Computer software
Other tangible property used in business operations

The specific types of equipment must be used primarily for business purposes to qualify.

Section 179 & PrintWise

By partnering with BPI Color and leveraging our PrintWise Program, you can maximize these savings while gaining access to tailored printing solutions that reduce costs and improve efficiency. With PrintWise, we handle your print management needs, providing the latest technology and expert support to keep your workflows running smoothly.

Section 179 & MPS

By partnering with BPI Color and utilizing our Managed Print Services, you can make the most of this tax benefit while optimizing your printing operations. Our Managed Print Services streamline your print environment, reduce costs, and enhance productivity with proactive monitoring and support.