Section 179 Tax Deduction for Camera Inspection Equipment
Updated: May 19
Section 179 is tax deduction for businesses looking to make new equipment purchases this year.
What is Section 179?
It is a US tax deduction aimed to help small and midsize business owners immediately expense and write-off certain items, such camera inspection equipment the year it’s put into service.
Should I take advantage of this deduction?
Yes you should look into Section 179 because it is a really great opportunity for business owners as it removes the wait for reimbursement and provides a significant tax refund in the current year vs. paying amortized payments.
How Much Could I Save?
The 2020 Section 179 deduction states that businesses can deduct the full amount of qualified equipment purchases up to $1,040,000 with a total purchase limit of $2,590,000. Best of all, Section 179 applies to new, used, leased, and financed equipment.
Where can I learn more?
You can learn more and calculate possible deductions by visiting Section 179 Deduction Calculator for 2020.
This tax incentive is easy to use and gives businesses a chance to invest in themselves by adding capital equipment that they use to improve their operations and further increase revenue.
Which equipment should I purchase?
Hathorn manufactures push camera systems that are Municipal Grade, proudly designed and manufactured in North America, priced within reach of every plumber and municipality. Please consult your financial advisor for advice pertaining to your particular business acquisitions.