Section 179 Tax Deduction

Have you heard of the “Section 179” tax deduction? This is a special IRS condition that allows you to expense your business purchase (like a Positrak computer system) on your current year taxes, rather than take the standard “depreciation” method. This can end up significantly reducing your tax burden for the year.

Equipment must be invoiced and delivered by December 31st to qualify. If you’re thinking about a new Positrak system, talk to your accountant to see if Section 179 can help you save some money.  There is also more information on the IRS website: https://www.irs.gov/publications/p946