Last day to order and save on 2024 tax exemption...
If you’ve been contemplating purchasing capital equipment, like a Cimex, CRB Machine, or TOPS Orbital Scrubber, make the purchase before December 31st. The Internal Revenue Service has a provision for capital equipment and asset purchases referred to as Section 179.
Section 179 of the U.S. Internal Revenue Code (IRC) is an immediate expense deduction that business owners can take for purchases of depreciable business equipment rather than capitalizing and depreciating the asset over a period of time. This deduction can be taken if the piece of equipment is purchased or financed, and the full amount of the purchase price is eligible for the deduction.
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