Take advantage of the Section 179 tax deductions!
Now is the perfect time to buy or convert your rental into equipment you own and get a sizeable tax deduction.
Section 179 allows businesses to deduct the full cost of qualifying new and used equipment from their 2022 taxes up to $1,080,000. The ability to take deductions under Section 179 begins to phase out for total equipment purchases in excess of $2,700,000. Equipment must be purchased and placed into service by December 31, 2022.