Tax savings that make sense for YOU! Learn how to take advantage of the Section 179 Tax Deduction for your business.
Concrete work is hard enough—don’t let taxes on your equipment purchases add stress to your business! Ligchine is here to help customers understand and utilize Section 179 of the IRS tax code which allows businesses, like yours, the ability to deduct the FULL purchase or financed price of a Ligchine Machine (or machine with 3D system, etc) from your gross income for 2022. Businesses of all sizes should take advantage of this incentive.
How This Type Of Tax Deductions Works
When you purchase or finance a Ligchine machine (or other qualifying equipment) in 2022, you are able to write off the entire purchase price for the current tax year rather than slowly depreciating it over a longer time period. This will help your business overcome the financial burdens of acquiring new equipment, but it is only good for the corresponding tax year that the equipment is purchased in.
Build slots for the end of 2022 are filling up quickly, so don’t miss out on this incredible tax advantage! Now is time to purchase new equipment and plan for next year’s concrete work!
Contact us today to secure your 2022 build slot!
For additional information regarding Section 179; or to read about the qualifications, purchase limits, and calculations pertaining to Section 179 please see the official website here: section179.org
*If you have questions, consult your tax professional for exact rules regarding Section 179 and equipment.