Write 100% of $500,000 Equipment with Section 179 in 2017

Any business is able to write off 100% of the first $500,000 worth of equipment they put into service in 2017.  This deduction is available for $1 buy leases, $101 leases, as well as equipment finance contracts.  Section 179 allows any small to medium sized business to reduce its income by 100% of the cost of the equipment they put into service in the current calendar year – up to $500,000.  The threshold for this deductions is $2,000,000.  There is bonus depreciation that allows a business to write off 50% of their equipment purchases over $500,000.   It does not matter how much the company has invested in the equipment.  Many of our structures allow you to take advantage of this write off even though you have not even made a payment on the equipment, as long as you take delivery before December 31st.