Section 179 Tax Deduction for 2020
Section 179 of the IRS tax code enables businesses like yours to deduct the full purchase price of qualifying diagnostic imaging equipment or software purchased or financed through the tax year. Whether you've purchased the equipment with cash, loan, capital lease, or Equipment Finance Agreement (EFA), you can likely deduct the full purchase price from your gross income.
This deduction can make a large impact, giving you the ability to write off up to $1,040,000 qualifying equipment and software purchases on your 2020 tax return. We invite you to take a good look at our diagnostic imaging solutions as this is an exceptional opportunity to invest in your business and future.
Please consult with a tax professional or visit the Section 179 website for more details. Then, give ExamVue Digital X-ray a call at (516) 654-6955 to upgrade your diagnostic imaging equipment and software.