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The Datamax Thinking Blog

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

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