Valence Protective Coatings has partnered with Advantage+ to provide financing for our commercial equipment and products.
Get the equipment you need, precisely when you need it! With the Advantage+ financing program, we cover 100% of your costs, including shipping, training, and taxes. Apply today for hassle-free financing!
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Financing Process
What is the Section 179 deduction, and how do I take advantage of it?
Section 179 is a powerful tax-saving tool that every business should consider. It allows you to deduct the full purchase price of qualifying equipment, like vehicles, machinery, and even office furniture, directly from your taxable income. This can significantly reduce your tax liability and free up cash flow for other needs. For 2024, you can deduct the full cost of equipment purchases up to $4,270,000!
Imagine the potential savings for your business! For example, if you purchase a $100,000 piece of equipment, you could deduct the entire amount from your taxes, lowering your taxable income and keeping more money in your business. For a business in the 21% tax bracket, you’re effectively lowering the price of that equipment to $79,000!
Before making any major purchases or committing to a large deduction, be sure to consult with a tax professional. Every business’s tax situation is unique, and the right advice can ensure you’re maximizing your benefits while staying compliant. In the end, Section 179 isn’t just a line on your tax return—it’s a strategic tool to help you grow your business at a lower cost.
Resources
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