The Datamax Thinking Blog

Educating, collaborating, and sparking ideas for maximizing the technology that matters.


Section 179 & Bonus Depreciation: Act Fast on Potential 2022 Tax Incentives for Office Technology Acquisition

Almost all types of “business equipment” new or used that your company buys or finances will qualify for the Section 179 Deduction and/or Bonus Depreciation.

Need a little additional "incentive" to close out your year with the acquisition of office technology? Section 179 and Bonus Depreciation are two components of the 2017 TCJA (Tax Cuts and Jobs Act) that present potential tax savings for your organization if you're in the market for copiers, printers, or other related technology hardware or software.

But you'll need to act fast.  To maximize the current incentive, qualifying equipment must be financed or purchased before January 1, 2023.

Topics: Printing Office Equipment IT Consulting LeaseCare Technology Procurement

Section 179: Act Fast on This Technology Acquisition Incentive

Almost all types of “business equipment” new or used that your company buys or finances will qualify for the Section 179 Deduction.

A huge technology procurement incentive still exists for businesses looking for ways to become more efficient and lease or purchase new business equipment.

But the clock is ticking.

Topics: Printing Office Equipment IT Consulting LeaseCare Technology Procurement

Section 179 Deduction Presents Office Technology Opportunity for SMBs

Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income.

As organizations continue to wrestle with workflow challenges and seek ways to expedite routine business processes through technology, Section 179 presents a unique procurement opportunity.

Topics: Multifunction Copier Digital Copiers Productivity Tips and Tools Technology Procurement