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Section 179 to Invest and Upgrade in New Communication Technology

Deduct Your Communication Technology Upgrade Through Section 179 Before 2021 Ends

Section 179 encourages small businesses to invest in their growth by providing accelerated depreciation and tax deductions on qualifying business purchases.

Section 179 Provides Allows Small Businesses to Write Off Equipment Upgrades

Take a moment to see if Section 179 tax deduction applies to you.

  • All businesses that finance equipment during tax year 2020 may be eligible to deduct the full purchase price from their pre-tax income.
  • Up to $1,040,000 of qualifying equipment may be written-off on your 2021 tax return.
  • To qualify for the Section 179 Deduction, the equipment must be put into use between January 1 and December 31 of the tax year you are claiming.
  • If you finance the acquisitions, with a loan or a capital lease, you can take advantage of the reduction to taxable income while spreading the payments over the useful life of the assets.

Want to talk about how KTS Networks can help you leverage more advanced communication equipment while taking advantage of this tax credit? 

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